Auction of Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank Hassanabdal Branch

Mobilink Bank Hassanabdal Branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. This auction is scheduled for 30-07-2026 at 11:00 AM. The bank has issued a public notice to recover outstanding amounts by liquidating pledged gold items. Items being auctioned include: - 2 Kanty, 1 Bracelet, 1 Chain pledged by Syeda Laila Kazmi (22.13 GM) - 1 Haar, 1 Locket, 1 Chain pledged by Saif Ali (20.94 GM) The gold ornaments are held as collateral against finance facilities and are located at the Hassanabdal branch. The auction is a direct recovery measure by the bank to secure dues. Interested bidders should note the exact weights and types of gold items available. Eligibility to participate typically requires registration with the bank and compliance with auction terms. Bidders should ensure they understand the auction process and have the means to pay promptly. The auction date is fixed, and no further public notices will be issued for payment extensions. The auction date is 2026-07-30 at 11:00 AM, with the submission deadline effectively the same day. The venue is the Mobilink Bank Hassanabdal Branch. Bidders should prepare Earnest Money or CDR as per bank requirements and bring valid identification. A practical tip for bidders is to verify the purity and authenticity of gold items before bidding and to attend the auction on time to avoid disqualification. Early inspection, if allowed, can provide a competitive advantage. This notice is crucial for suppliers and bidders interested in acquiring pledged gold assets through bank auctions in Hassanabdal.