AUCTION: Gold Ornaments Pledged by Borrowers at Khushhali Microfinance Bank Burewala Branch

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Khushhali Microfinance Bank Limited, Burewala Branch, is conducting an open auction of gold ornaments pledged by borrowers who have defaulted on their loans. The auction will be held at the bank's Burewala branch, and interested parties are invited to participate as per the schedule and terms outlined below. Items being auctioned: - Lot 1: Gold Ornaments pledged by 13 defaulter borrowers, total weight 134.55 grams, net gold content 27.50 tolas, 2 karat and 1 gram gold, pledged against loan accounts 13/14, located at Burewala Branch - Lot 2: Gold Ornaments pledged by 2 defaulter borrowers, total weight 7.65 grams, net gold content 4.00 tolas, pledged against loan accounts 2/2, located at Burewala Branch The auctioned gold ornaments are being sold as per the bank's recovery policy for defaulted loans. All items will be available for inspection at the branch prior to the auction date. The auction is open to the public, and the highest bidder for each lot will be awarded the respective gold ornaments, subject to fulfillment of all terms and conditions. Interested bidders must deposit earnest money as specified by the bank before participating in the auction. The successful bidder will be required to pay the full bid amount immediately after the auction. All applicable taxes and duties will be borne by the successful bidder. The auction will be held on 4 November 2026 at the Khushhali Microfinance Bank Limited, Burewala Branch. A practical tip for bidders: Arrive early on the auction day to inspect the gold ornaments and clarify any queries with the bank officials. Ensure you bring valid identification and the required earnest money to avoid any delays in registration.