AUCTION: Gold Ornaments Auction by Mobilink Bank Faisalabad 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 Faisalabad 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 31-08-2026 at 10:00 AM under branch code 2006. The customer named is Ahmad Ali S/O Muhammad Yousaf, residing at Street Number 3, Naimat Colony, Faisalabad. Items being auctioned: - Gold ornaments weighing 8.55 grams - 2 Earrings - 1 Ring - 1 Locket with Stone - 3 Tops The bank extended finance facilities against the security of these gold items. Due to non-payment of the outstanding financed amount along with markup within one day of this notice's publication, the bank will proceed with auctioning the gold ornaments. No further public notice will be issued to the customer for payment. This auction provides an opportunity for bidders to acquire valuable gold items from a reputable financial institution. Interested parties should prepare to participate on the auction date and ensure compliance with auction terms. It is advisable to verify the items and understand the auction process beforehand to avoid any last-minute issues. Bidders should note the importance of timely payment to avoid forfeiture and the necessity of attending the auction at the specified time and location. Mobilink Bank Faisalabad branch is the official contact point for this auction.