AUCTION: Gold Ornaments Pledged Against Financing by BankIslami Pakistan Limited

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. BankIslami Pakistan Limited has announced a public auction of pledged gold ornaments against financing facilities extended to customers. The auction is being held due to overdue liabilities including profit and other applicable amounts payable under financing agreements. Customers are requested to settle their dues within 15 days of this notice publication and before 5:30 PM. Items being auctioned include pledged gold ornaments linked to the following customers and branches: - Hassan Azmat Ali, Model Colony, Karachi - Qutab Hassnain, Satellite Town, Gujranwala - Safeer, Hayatabad Branch, Peshawar - Rabia, Hayatabad Branch, Peshawar - Muzamel Ahmad, Hayatabad Branch, Peshawar - Ahmad Azeem, Izmir Town Branch, Lahore - Riffat Shabana, Gulberg Branch, Lahore - Gulfam Ahmad Photo, Gulberg Branch, Lahore - Hafiz Muhammad Usman, Gulberg Branch, Lahore - Imran Ilyas, Expo Center, Lahore - Fahim Gul, Hayatabad Branch, Peshawar The auction covers multiple locations including Karachi, Gujranwala, Peshawar, and Lahore. The pledged gold ornaments are subject to sale under approved Product Program (PPG) and Shariah principles at each customer's risk and expense. Bidders should note the importance of timely settlement of dues and the auction process governed by BankIslami Pakistan Limited. The auction provides an opportunity to acquire gold ornaments with clear terms. Interested parties should contact the respective branches for further details. The auction deadline is within 15 days from the notice publication date, closing at 5:30 PM. A practical tip for bidders is to verify the exact status and condition of the pledged gold ornaments at the respective branches before participating to ensure informed bidding decisions.