Auction of Gold Ornaments by Mobilink Bank Hafizabad Branch

Mobilink Bank Hafizabad Branch is conducting an auction of gold ornaments due to customers defaulting on repayment of finance facilities secured against pledged gold. The auction is scheduled following the failure of customers to repay the financed amount along with markup within the stipulated time. This notice is specifically for the customers Munawar Hussain and Najum Ul Hassan, whose gold pledges are subject to auction if payments are not made promptly. Items being procured: - 1 Mala, 1 Locket Chain, 2 Kanty, 1 Ring (15.5 GM) pledged by Munawar Hussain - 1 Ghani bima Moti, 2 Kanty bima Moti (157 GM) pledged by Najum Ul Hassan The auction involves gold ornaments with detailed descriptions and weights as listed above. The site of auction is the Mobilink Bank branch in Hafizabad. The scale of the auction is limited to the pledged gold items of the named customers. This is a financial recovery action by the bank and not a typical procurement tender. Eligibility to participate in the auction is generally open to interested buyers as per bank policies. No PEC category or FBR/ATL registration is applicable here. The auction date is fixed on 31-07-2026 at 02:00 PM. Interested parties should note the urgency as the payment default period is only one day from the publication date before auction proceedings commence. The submission method is not applicable as this is an auction notice. However, bidders should contact the Mobilink Bank Hafizabad branch for further details and participation requirements. The bank advises all interested parties to prepare Earnest Money or CDR as per auction terms. A practical tip for bidders is to verify the authenticity and condition of the gold ornaments before the auction date and ensure timely presence at the branch to avoid missing the auction opportunity. Early communication with the bank branch can also clarify any procedural queries.