AUCTION: Gold Jewellery Pledged as Collateral 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 of gold jewellery pledged as collateral by borrowers who have defaulted on their loans. The auction will be held at the bank's branches in Larkana and Chaman, with the head office located in Islamabad. This auction provides an opportunity for interested buyers to acquire gold items that have been pledged but not reclaimed by the original borrowers within the stipulated period. Items being auctioned: - Gold jewellery pledged by borrowers at U Bank Larkana Branch (address: Gari Khata, near Sindh Bank, Larkana) - Gold jewellery pledged by borrowers at U Bank Chaman Branch (address: Gari Khata, near National Bank, Chaman) The auction will take place on 31 July 2026 at 11:00 AM at the respective branch locations. All interested parties are invited to participate, and the gold items will be sold to the highest bidders in accordance with the bank's auction procedures. Participants are required to bring valid identification and may be asked to deposit earnest money as per the bank's policy. The auction is open to individuals and businesses who meet the eligibility criteria set by U Microfinance Bank Limited. For those planning to participate, it is advisable to arrive early to inspect the gold items and complete any required registration formalities. Carefully review the auction terms and conditions, and ensure you have the necessary funds available for immediate payment if you are the successful bidder. For further details, contact the bank at the number provided below or visit the head office at Plot 1, Sector G-8/4, Islamabad. This is a valuable opportunity for gold dealers and interested buyers to acquire quality gold jewellery through a transparent auction process.