Auction of Gold Ornaments Pledged Against Finance Facilities in Muzaffargarh

Mobilink Bank Muzaffargarh branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. The auction is scheduled for 30-07-2026 at 10:00 AM. This notice serves to inform the concerned parties and potential bidders about the availability of gold items for auction due to non-payment of outstanding amounts including markup. Items being procured: - 18 grams gold consisting of 2 Kantay pledged by Muhammad Ali - 10.5 grams gold consisting of 1 Kanthi and 2 Kanty pledged by Mushtaq Ahmad The auction involves gold ornaments pledged by customers Muhammad Ali and Mushtaq Ahmad, located in Ward No. 1, Mohallah New Basti, Talkot, Muzaffargarh. The bank has extended finance facilities against these pledges and now seeks to recover dues through public auction. The scale of the auction is limited to the specified gold weights and types. Eligibility to participate in the auction is open to all interested buyers. No specific PEC category or FBR registration is required as this is a public auction of pledged assets. Bidders should ensure they understand the terms of sale and payment requirements. The auction date is fixed on 30th July 2026 at 10:00 AM at the Mobilink Bank Muzaffargarh branch. Interested parties should attend on time and prepare to submit earnest money or payment as per auction rules. The bank will not issue further notices after this date. A practical tip for bidders is to verify the authenticity and condition of the gold ornaments before the auction and arrange finances in advance to avoid disqualification. Timely presence and compliance with auction terms will ensure a smooth bidding process.