AUCTION: Gold Jewellery Items Unclaimed by Borrowers at U Microfinance Bank Branches

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 gold jewellery items that have remained unclaimed by borrowers who defaulted on their loans. The auction will be held at the bank's head office in Islamabad, and interested parties are invited to participate as per the schedule provided. This auction presents an opportunity for individuals and businesses to acquire gold jewellery at competitive rates through a transparent process. Items being auctioned: - Gold jewellery pledged by borrowers at U Microfinance Bank branches in Islamabad, Rawalpindi, and Charsadda, which has remained unclaimed for over 10 months - The jewellery lots are available for inspection at the respective branches prior to the auction date The technical scope includes the sale of gold ornaments, which may consist of bangles, rings, necklaces, and other items as pledged by defaulting customers. The auction will be conducted in accordance with the bank's standard procedures, and all items will be sold on an as-is-where-is basis. Interested bidders must bring valid identification and deposit the required earnest money as specified by the bank before participating in the bidding process. Eligibility criteria require participants to be above 18 years of age and to comply with all terms and conditions set by U Microfinance Bank Limited. The auction will take place on 30 September 2026, and the deadline for submission of bids is the same day. For further details, bidders may contact the bank's head office at G-8/4, Islamabad, or call the provided phone number. A practical tip for bidders: Arrive early on the auction day to inspect the jewellery lots thoroughly and ensure you have the required earnest money ready, as this will streamline your participation and improve your chances of securing the desired items.