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AUCTION: Gold Ornaments Pledged by Defaulters at U Microfinance Bank Branches Islamabad Region
Active Tender
Closing Date:
2026-10-21
2026-10-21
Tender Overview
- Category
- Asset Disposal & Auction
- Sector
- Auction
- Tender Type
- Auction
- Procurement Method
- Open Auction
- Submission Method
- In person at Sadiqabad Branch Islamabad on auction day with original CNIC and earnest money deposit
- Source Name
- Newspaper
Location & Dates
- City
- Islamabad
- Province
- Islamabad Capital Territory
- Country
- Pakistan
- Publish Date
- 2026-10-11
- Closing Date
- 2026-10-21
- Created At
- 2026-10-11 14:01:48
Contact & Websites
- Contact Person
- Manager, U Microfinance Bank Limited
- Contact Phone
- 051-111-282-265
Actions
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Tender Document
Tender Description
NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights.
U Microfinance Bank Limited is conducting an open auction of gold ornaments pledged by defaulters at various branches in the Islamabad region. The auction will be held on 21 October 2026 at 11:00 AM at the designated branch locations. This is an excellent opportunity for interested buyers to acquire gold ornaments through a transparent and competitive process. The auction is being organized in accordance with the bank's policy for recovery of outstanding loans against defaulted gold loan accounts.
Items being auctioned:
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Qasim Khan s/o Akram Khan, Asghar Khan s/o Amir Khan)
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Muhammad Irfan s/o Muhammad Iqbal, Muhammad Aslam s/o Muhammad Akram)
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Muhammad Iqbal s/o Muhammad Akram, Muhammad Aslam s/o Muhammad Akram)
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Muhammad Aslam s/o Muhammad Akram, Muhammad Iqbal s/o Muhammad Akram)
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Muhammad Aslam s/o Muhammad Akram, Muhammad Iqbal s/o Muhammad Akram)
- Gold ornaments pledged by defaulters at Sadiqabad Branch Islamabad (Account holders: Muhammad Aslam s/o Muhammad Akram, Muhammad Iqbal s/o Muhammad Akram)
The auction will be conducted at the Sadiqabad Branch Islamabad and is open to all interested parties. Participants are required to bring their original CNIC and deposit a refundable earnest money as per bank policy before participating in the auction. The gold ornaments will be sold on an as-is-where-is basis, and successful bidders must make full payment immediately after the auction. For further details, interested bidders may contact the branch or visit the head office at G-8/4, Islamabad. It is advisable to arrive early on the auction day to complete registration and inspection of the gold items.