Auction of Gold Ornaments by Mobilink Bank DHA Karachi Branch

Mobilink Bank DHA Karachi Branch is conducting an auction of gold ornaments due to non-payment of outstanding financed amounts by customers. The auction will take place on 29-07-2026 at 10:00 AM. This procurement involves the sale of pledged gold items against finance facilities extended by the bank. The items being auctioned include: - 1 Chain (15.4 GM) - 1 Chain (15.6 GM) - 2 Bangles, 6 Earrings (10 GM) - 3 Har (10 GM) - 1 Bracelet (17 GM) - 1 Chain locket, 2 Bundiya, 1 Ring (10.63 GM) - 2 Jhumke (6 GM) - 1 Chain locket, 1 Bracelet (13.1 GM) - 2 Bangles, 1 Chain, 2 Bundiya, 1 Ring (26.83 GM) - 1 Set Complete, 1 Tikka (20.9 GM) - 1 Chain, 2 Bundiya, 1 Locket, 1 Ring (13.65 GM) The auction is held at the DHA Karachi branch, targeting customers who have defaulted on their finance repayments. The gold items vary in type and weight, including chains, bangles, earrings, bracelets, jhumke, lockets, and rings. This auction provides an opportunity for suppliers and buyers interested in gold ornaments to acquire these items through a transparent process. Interested bidders should note the auction date and time carefully. Since this is an auction of pledged goods, no further public notice will be issued after this announcement. Mobilink Bank requires full payment of the outstanding amount plus markup before the auction; otherwise, the items will be sold. No PEC category or FBR registration is applicable as this is a sale of goods, not a construction or service contract. Bidders should prepare to attend the auction in person at the specified branch. The auction date is fixed, and no extensions are expected. A practical tip for bidders is to inspect the items beforehand if possible and ensure timely payment to avoid disqualification. Understanding the exact weight and type of gold ornament can help in making informed bids and managing financial planning for purchase.