AUCTION: Gold Ornaments and Foreign Currency Pledged Items at U Microfinance Bank Islamabad

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited, Islamabad, is conducting a public auction of pledged items from its Murree Road, Rawalpindi branch. The auction will include gold ornaments and foreign currency that were pledged as collateral by customers who have defaulted on their loans. The auction is scheduled to take place on 24 August 2026 at 11:00 AM at the branch premises. Items being auctioned: - Gold ornaments pledged by defaulting customers (details and weights available at the branch) - Foreign currency pledged by defaulting customers (details and denominations available at the branch) All items are being sold as-is, and interested bidders are encouraged to inspect the pledged gold and foreign currency at the branch prior to the auction date. The auction will be conducted in accordance with the bank's standard procedures, and the highest bidder for each lot will be awarded the item, subject to payment of the full bid amount. Bidders must bring valid identification and be prepared to deposit earnest money as specified by the bank on the day of the auction. Participation is open to all eligible individuals and businesses. It is advisable for interested parties to visit the branch in advance to verify the quality and quantity of the items. The auction will be held at U Microfinance Bank, Murree Road, Rawalpindi, and all payments must be made in accordance with the bank's terms and conditions. For further details, contact the bank at the number provided below. Tip: Arrive early on the auction day to complete registration and review the pledged items, as this will give you a better chance to assess the value and make informed bids.