AUCTION: Gold Deposit Auction by Mobilink Bank Narowal Branch

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Mobilink Bank Narowal branch is conducting an auction of gold deposits due to non-payment of outstanding financed amounts along with markup by the customer within the stipulated time. The auction is scheduled for 31-08-2026 at 10:00 AM. The bank extended finance facilities against the security of deposit and pledge of gold to the customer, Aurangzaib, residing at Mahes Kalan, Dak Khana Bado Malhi, Narowal. Items being auctioned: - Gold deposit weighing 16.7 grams with details of 2 Kary gold ornaments. This auction is a result of the customer's failure to repay the financed amount within one day of the publication of this notice. The bank will proceed with the auction to recover the outstanding dues. Interested bidders should note the auction date and prepare accordingly. Eligibility to participate includes being a registered bidder with the bank or authorized auction participants. Earnest money or bid security details are not specified in the notice but bidders should be prepared to comply with standard auction requirements. The auction will take place at the Narowal branch of Mobilink Bank. Bidders are advised to attend the auction on the specified date and time to place their bids. For successful participation, ensure all documentation and payments are in order. A practical tip for bidders is to verify the purity and authenticity of the gold ornaments before bidding and to arrange for immediate payment if successful, as auctions typically require prompt settlement.