AUCTION: Gold Jewellery Pledged by Defaulters at Mobilink Microfinance Bank Karachi Branch 4006

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Mobilink Microfinance Bank, Karachi Branch 4006, is conducting a public auction of gold jewellery pledged by defaulters who have failed to repay their loans. The auction will be held at the branch premises in Karachi. This is an opportunity for interested buyers to acquire gold items at competitive rates through an open auction process. Items being auctioned: - Gold jewellery pledged by Asim Ali: 1 chain, 15.4 grams, pledged at House No. 31, Ratan Talab, Pahari, Karachi - Gold jewellery pledged by Jahangir Pervez: 1 chain, 15.6 grams, pledged at House No. A-232, Malir Cantt, Karachi - Gold jewellery pledged by Khalida Saleem: 2 chains, 1 ring, 2 bangles, 1 earring, 26.83 grams, pledged at House No. B/172, Mohammad Umar Abad, Karachi - Gold jewellery pledged by Saeed Khan: 4 bangles, 4 earrings, 2 chains, 8.26 grams, pledged at House No. A-5, Street 18, Orangi Town, Karachi - Gold jewellery pledged by Syed Raza Abbas: 1 bracelet, 1 chain, 1 ring, 2 earrings, 2 lockets, 24 grams, pledged at House No. 410, Block 2, Gulzar Hijri, Karachi All items are being auctioned as per the details above. Interested bidders must ensure they bring valid identification and deposit the required earnest money as per bank policy. The auction will commence at 10:00 AM on 31 August 2026. Bidders are advised to arrive early to inspect the items and complete registration formalities. The successful bidders will be required to pay the full amount immediately after the auction concludes. A practical tip: Carefully review the gold weight and item details for each lot before bidding, and clarify any queries with the bank staff prior to the auction to avoid confusion during the bidding process.