AUCTION: Gold Ornaments and Miscellaneous Pledged Items at U Microfinance Bank Islamabad

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, Islamabad, invites interested parties to participate in the open auction of gold ornaments and other pledged items. The auction will be held at the bank's head office in Islamabad. This is an excellent opportunity for jewelers, gold dealers, and interested individuals to acquire gold and miscellaneous pledged items through a transparent process. Items being auctioned: - Gold ornaments pledged by customers (various weights and designs, as per detailed list available at the bank) - Miscellaneous pledged items (details available at the auction venue) The auction will take place on 7 October 2026 at 11:00 AM at the U Microfinance Bank Head Office, G-8/4, Islamabad. All interested bidders are required to bring their original CNIC and deposit a refundable Earnest Money of 10 percent of their intended bid amount in the form of Pay Order or CDR in favor of U Microfinance Bank Limited. The successful bidders must pay the full amount within the stipulated time after the auction. The bank reserves the right to reject any or all bids without assigning any reason. Eligibility criteria include submission of valid identification, deposit of Earnest Money, and compliance with the auction terms and conditions. The detailed list of items and terms can be reviewed at the bank's office during working hours prior to the auction date. Bidders are advised to inspect the items beforehand and clarify any queries with the bank's auction committee. For a practical tip, ensure your Earnest Money Pay Order is prepared in advance to avoid last-minute delays on auction day. For further details, contact the bank at the provided phone number.