Auction of Gold Ornaments Pledged Against Finance Facilities

Mobilink Bank branch in Mankera, Bhakkar, is conducting an auction of gold ornaments pledged against finance facilities extended to a customer. The auction is due to the customer's failure to repay the outstanding financed amount along with markup within the stipulated time. This notice serves as a final call for the customer to clear dues before the auction proceeds. Items being procured: - Gold Ornaments pledged by Muntazir Khan - Gold Weight: 35.5 grams - Details: 1 Katmala The auction involves the sale of pledged gold ornaments held as security for finance facilities. The branch is located at Allah Bakhsh Khanwala, Post Office Khanpur, Chak No. 76 ML, Tehsil & District Bhakkar. The auction date is set for 29-07-2026 at 10:00 AM, providing a clear timeline for interested parties. This auction is a straightforward sale of pledged assets and does not require PEC registration or FBR/ATL compliance. Interested bidders should note the exact weight and type of gold ornaments to assess value accurately. The auction is a good opportunity for suppliers or investors interested in acquiring gold assets at potentially competitive prices. The key date to remember is the auction date, 29th July 2026, at 10:00 AM. Bidders should prepare their Earnest Money and ensure compliance with Mobilink Bank's auction terms. The auction will be held at the specified branch, and no further public notices will be issued. A practical tip for bidders is to verify the purity and authenticity of the gold ornaments before the auction. Visiting the branch beforehand to inspect the items or requesting detailed documentation can help avoid surprises. Timely payment and adherence to auction rules will ensure a smooth acquisition process.