AUCTION: Gold Ornaments 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 pledged gold ornaments at its branches in Islamabad and Rawalpindi. This auction provides an opportunity for interested buyers to acquire gold items that have been pledged as collateral but remain unclaimed beyond the stipulated period. The auction will be held at the U Microfinance Bank Head Office, G-8/4, Islamabad, on 14 June 2026 at 11:00 AM. All interested parties are invited to participate in this transparent process. Items being auctioned: - Gold ornaments pledged at U Microfinance Bank, G-8/4 Branch, Islamabad - Gold ornaments pledged at U Microfinance Bank, Raja Bazaar Branch, Rawalpindi - Gold ornaments pledged at U Microfinance Bank, Saddar Branch, Rawalpindi Each lot consists of gold jewelry items that were pledged by customers and are now being disposed of through public auction due to non-redemption. The auction will be conducted in accordance with the bank's policies and relevant legal requirements. Interested bidders are encouraged to inspect the gold items prior to the auction date at the respective branches during working hours. Participation requires submission of valid identification and a refundable earnest money deposit as per the bank's terms. The highest bidder for each lot will be required to pay the full amount immediately after the auction concludes. All applicable taxes and duties will be borne by the successful bidders. For bidders, it is advisable to arrive early on the auction day to complete registration and review the lots in person. This will help you make informed decisions and avoid last-minute rush.