AUCTION: Gold Jewellery Pledged Items Recovery by Bank of Punjab Lahore

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Bank of Punjab is conducting an open auction for the disposal of pledged gold jewellery items from defaulter accounts at its Lahore branch. This auction is being held to recover outstanding loan amounts from borrowers who have defaulted on their obligations. The auction will take place at the designated branch location, and interested parties are invited to participate in accordance with the bank's terms and conditions. Items being auctioned: - 1 Kara (9.5g) - 2 Kante with moti (3.1g) - 2 Earrings (7.7g) - 4 Karay (39.6g) - 4 Earrings (11.9g) - 1 Kara (10.5g) - 2 Earrings (5.1g) - 1 Necklace 2 Earrings 1 Ring (20.1g) - 4 Bangles (13.2g) - 4 Bangles (13.2g) - 5 Bangles (19.9g) - 2 Rings 2 Earrings (3.9g) - 2 Chain 2 Earrings 3 Rings (18.7g) - 1 Necklace (10.2g) - 2 Earrings (4.2g) - 1 Mala 2 Rings (7.3g) - 2 Earrings (4.2g) - 1 Necklace 4 Earrings 2 Rings (12.2g) - 2 Bangles (7.2g) - 1 Necklace (13.8g) - 1 Necklace 1 Ring (7.2g) - 4 Earrings 2 Rings (15.9g) - 2 Earrings (3.6g) Each item is listed with its respective weight and account reference. The auction is open to all eligible bidders, and the successful bidders will be required to pay the bid amount as per the bank's instructions. Bidders must bring valid identification and be prepared to deposit earnest money as specified by the bank. The auction will be conducted in accordance with the relevant banking and legal regulations. Interested parties should visit the branch at 159-B/M, Model Town Extension, Lahore, for inspection of items and participation details. For further information, contact the branch at 021-111-003-737. Bidders are advised to carefully review the list of items and ensure compliance with all requirements before participating. A practical tip: Arrive early on the auction day to inspect the jewellery and clarify any queries with the bank officials to avoid last-minute confusion.