AUCTION: Gold Ornaments Pledged by Defaulters at Mobilink Bank Arifwala Branch

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Mobilink Bank Arifwala Branch is conducting a public auction of gold ornaments pledged by customers who have defaulted on their finance facilities. The auction will be held at the branch premises on 13 August 2026 at 12:00 PM. This notice is intended for interested buyers and gold dealers who wish to participate in the open auction process for the recovery of outstanding dues against the pledged gold assets. Items being auctioned: - Muhammad Asif: 1 Gani, 2 Kanty (21 grams) - Zahoor Ahmed: 2 Karay (26 grams) - Abad Ali: 1 Ring (1.80 grams) All gold items are currently held at the branch and were pledged as security against finance extended to the above-named customers. The auction is being conducted as per the bank's recovery policy after repeated notices to the defaulters. Interested parties are encouraged to inspect the gold ornaments at the branch prior to the auction date. Participation is open to all eligible individuals and entities, subject to compliance with Mobilink Bank's auction terms and conditions. Bidders are required to bring valid identification and deposit earnest money as specified by the bank on the day of the auction. The highest bidder for each lot will be awarded the respective gold item, subject to final approval by the bank. The auction will be conducted transparently, and all payments must be made through pay order or bank draft in favour of Mobilink Bank. For further details, prospective bidders may contact the branch directly. It is advisable to arrive early on the auction day to complete registration and review the gold items. A practical tip: bring your own gold testing kit if you wish to verify the quality of the ornaments before bidding, as the bank will allow inspection but not extended testing time during the auction process.