Auction of Gold Ornaments Against Security Deposit

Mobilink Bank Sheikhupura Branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to a customer who has defaulted on repayment. The auction is scheduled for 28-07-2026 at 10:00 AM at the Sheikhupura branch. This notice serves as a final call for the customer to clear the outstanding financed amount along with the markup to avoid the auction. Items being procured: - 5.5 grams of gold ornaments - 1 Mala - 2 Kanty The auction involves the sale of pledged gold items including 1 Mala and 2 Kanty of gold weighing 5.5 grams. The site of the auction is the Mobilink Bank branch in Sheikhupura. This process is part of the bank's recovery mechanism for overdue finance facilities secured by gold deposits. Eligible bidders should be aware that this is a bank-led auction of pledged assets and no prior technical or financial bid submission is required. Interested parties should attend the auction on the specified date and time. The customer named Ali Raza, with CNIC 35404-9086705-3, residing at Nazd Jamia Masjid Khadeejah, Al Kubra Sheikhupura, has been notified. The auction date is fixed for 28th July 2026 at 10:00 AM, and bidders should be present at the Mobilink Bank Sheikhupura branch. No further public notices will be issued after this announcement. A practical tip for bidders is to verify the authenticity and purity of the gold ornaments before participating in the auction to ensure informed bidding. Also, timely arrival at the venue is crucial as the auction will proceed as scheduled without delay.