Auction of Gold Ornaments Pledged at Mobilink Bank Fort Abbas Branch

Mobilink Bank Fort Abbas 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 notice concerns two customers from Chak No 180/7R and Chak No 237/9R, Tehsil Fort Abbas, District Bahawalnagar. Items being procured: - Gold ornaments pledged by Ali Haider: 4.2 grams consisting of 2 Balian and 1 Ring - Gold ornaments pledged by Umar Daraz: 10.85 grams consisting of 6 Balian and 1 Ring The auction involves the sale of pledged gold items to recover outstanding financed amounts along with markup. The site of auction is the Mobilink Bank branch at Fort Abbas. This is a direct sale of pledged assets and does not involve construction or services. Interested bidders should note the exact weight and description of gold items as listed. Eligibility to participate requires no PEC category but bidders should be registered with FBR and have experience in handling gold auctions or related financial asset recoveries. Earnest Money or CDR requirements are not specified but bidders should prepare for immediate payment upon successful auction. The auction date is fixed on 28th July 2026 at 10:00 AM. Bidders should attend the Mobilink Bank Fort Abbas branch on time. No further public notices will be issued after this announcement. A practical tip for bidders: Verify the authenticity and condition of gold items before the auction and arrange finances in advance to avoid disqualification. Timely presence at the auction venue is crucial to secure bidding rights.