Auction of Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank

Mobilink Bank Chota Sahiwal 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 28-07-2026 at 10:00 AM. This procurement involves the sale of pledged gold items due to non-payment of outstanding amounts including markup. Items being procured: - 2 Bangles pledged by Safeer Abbas weighing 17.60 grams - 2 Bangles pledged by Imran Ali weighing 17.60 grams The auction is a direct sale of pledged gold ornaments held at the Mobilink Bank branch in Chota Sahiwal. The items are secured deposits against finance facilities and are being auctioned to recover dues. The location is specific to Sahiwal district in Punjab province. Interested bidders should note that the auction is a one-day event following the publication of the notice. No further public notices will be issued. The bank expects bidders to comply with auction terms and conditions, including earnest money or CDR requirements as per bank policy. This is a unique opportunity to acquire gold ornaments at auction from a reputable financial institution. Bidders must ensure timely presence at the auction venue on the specified date and time. It is advisable to verify the authenticity and condition of the gold items prior to bidding. Mobilink Bank’s auction process is transparent and governed by applicable regulations. The auction notice does not specify PEC categories or FBR registration as this is a sale of pledged goods rather than a construction or service contract. Suppliers and buyers should prepare accordingly. The closing date for submission or participation is 29-07-2026 at 23:59:59. A practical tip for bidders is to arrange financing or payment methods in advance to avoid delays during the auction. Being prepared with valid identification and understanding the auction rules will facilitate smooth participation and increase chances of successful acquisition.