AUCTION: Gold Ornaments Pledged by Borrowers at U Microfinance Bank Branches Islamabad and Lahore

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 a public auction of gold ornaments that were pledged by borrowers at its branches in Islamabad and Lahore. This auction provides an opportunity for interested buyers to acquire gold items that have been held as collateral and are now being disposed of due to non-redemption by the original borrowers. The auction will be held at the bank's head office in Islamabad, and all interested parties are invited to participate. Items being auctioned: - Gold ornaments pledged by Muhammad Arif, son of Muhammad Iqbal, weighing 56 grams, pledged at Branch G-8/4, Islamabad - Gold ornaments pledged by Muhammad Imran, son of Muhammad Iqbal, weighing 20 grams, pledged at Branch G-8/4, Islamabad - Gold ornaments pledged by Tehseen Bibi, daughter of Muhammad Bashir, pledged at Main Boulevard, Allama Iqbal Town, Lahore The auction will take place on 30 September 2026 at 11:00 AM at the U Microfinance Bank Head Office, G-8/4, Islamabad. All gold items will be sold to the highest bidder, and the successful bidders will be required to pay the full amount immediately after the auction. Interested participants are advised to bring valid identification and be prepared to deposit earnest money as per the bank's requirements. The gold can be inspected prior to the auction during office hours at the respective branches. A practical tip for bidders: Arrive early on the auction day to complete registration and inspect the gold items in person, as this will help you make an informed bid and avoid last-minute rush.