AUCTION: Gold Jewellery Items from U Microfinance Bank Branches Islamabad 2026

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 is conducting an open auction for pledged gold jewellery items from various branches in Islamabad and surrounding areas. The auction will be held on 5 October 2026 at 11:00 AM at the U Bank Head Office, G-8/4, Islamabad. This is an excellent opportunity for interested buyers to acquire gold jewellery items that have been pledged as collateral and are now being disposed of through public auction due to non-redemption by the original owners. Items being auctioned: - Gold jewellery pledged at U Bank Branch, Raja Bazaar, Rawalpindi - Gold jewellery pledged at U Bank Branch, Bara Market, Rawalpindi - Gold jewellery pledged at U Bank Branch, Dhok Hassu, Rawalpindi - Gold jewellery pledged at U Bank Branch, Saddar, Rawalpindi - Gold jewellery pledged at U Bank Branch, Wah Cantt - Gold jewellery pledged at U Bank Branch, Taxila - Gold jewellery pledged at U Bank Branch, Gujar Khan - Gold jewellery pledged at U Bank Branch, Murree - Gold jewellery pledged at U Bank Branch, Islamabad Each lot consists of gold jewellery items as per the details maintained at the respective branches. The auction will be conducted in accordance with the bank's policies and all applicable regulations. Interested parties are required to deposit 10 percent of the bid amount as Earnest Money in the form of Pay Order or CDR at the time of auction. Successful bidders must pay the remaining amount within the stipulated time as per auction terms. All participants must bring their original CNIC and proof of address. The auction is open to individuals and registered dealers. For further details, inspection of items, or clarification, contact the bank at the provided phone number. A practical tip: Arrive early to inspect the jewellery lots and clarify any queries with the auction committee before bidding begins. This will help you make informed decisions and avoid last-minute confusion. The auction will be held at the U Bank Head Office, G-8/4, Islamabad, on 5 October 2026 at 11:00 AM. Do not miss this opportunity to participate in a transparent and competitive auction process.