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

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 that were pledged by borrowers who have defaulted on their loans and failed to repay within the stipulated period. The auction will be held at the bank's head office in Islamabad, and interested parties are invited to participate as per the schedule provided. This auction presents an opportunity for individuals and businesses to acquire gold ornaments through a transparent and competitive process. Items being auctioned: - Gold ornaments pledged at U Microfinance Bank, G-8/4 Branch, Islamabad - Gold ornaments pledged at U Microfinance Bank, Commercial Market Branch, Rawalpindi - Gold ornaments pledged at U Microfinance Bank, Raja Bazaar Branch, Rawalpindi - Gold ornaments pledged at U Microfinance Bank, Shamsabad Branch, Rawalpindi - Gold ornaments pledged at U Microfinance Bank, Shamsabad Branch, Islamabad The auction will be conducted on 9 August 2026 at 11:00 AM at the bank's head office, located at Plot No. 1, F-8/4, Islamabad Industrial Area, Islamabad. All gold items are being sold as-is, and interested bidders are encouraged to inspect the items prior to the auction date. Participation is open to all eligible individuals and entities, and successful bidders will be required to make payment as per the bank's terms and conditions. Earnest money or a pay order may be required at the time of bidding, so bidders should come prepared. For further details, contact the bank at the provided phone number. A practical tip: Arrive early on the auction day to complete registration and review the gold items before bidding begins.