Auction of Gold Ornaments Against Finance Facilities

Mobilink Bank Islamabad branch is conducting an auction of gold ornaments due to non-payment of finance facilities extended against security deposits and pledges of gold. This auction concerns a customer who has defaulted on repayment obligations, prompting the bank to recover dues through sale of pledged gold. Items being procured: - Gold Ornaments weighing 11 grams - 1 Kanta of gold jewelry The auction is scheduled for 30-07-2026 at 10:00 AM at the Mobilink Bank branch I-8 Islamabad. The gold items are secured against finance facilities extended by the bank, and the auction is a recovery measure. The customer named Muhammad Zahran Javed, residing at House No. 739, Street No. 75, Sector I-8/3, Islamabad, has failed to repay the outstanding amount along with markup. This notice serves as a final call for payment within one day of publication, after which the bank will proceed with auctioning the gold ornaments without further public notice. Interested bidders should note the exact date and time for participation. No specific eligibility criteria such as PEC category or FBR registration apply as this is a bank auction of pledged assets. However, bidders should ensure timely presence and compliance with bank auction procedures. The auction date is fixed and non-negotiable. Bidders are advised to inspect the gold items beforehand if possible and prepare Earnest Money or CDR as required by the bank's auction terms. A practical tip for bidders: Arrive early at the Mobilink Bank branch on auction day with valid identification and required deposit instruments to avoid disqualification. Understanding the markup and outstanding dues beforehand can help in making informed bids.