AUCTION: Gold Ornaments Unclaimed in 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 unclaimed gold ornaments that have been pledged as collateral against loans in various branches located in Islamabad and Rawalpindi. The auction will be held at the bank's head office in Islamabad, and interested parties are invited to participate in accordance with the terms and conditions set by the bank. This is an excellent opportunity for jewelers, gold dealers, and interested individuals to acquire gold ornaments through a transparent and competitive process. Items being auctioned: - Gold ornaments pledged by Afzal Ahmed (Gulzar-e-Quaid Branch, Rawalpindi) - Gold ornaments pledged by Ibrar Ahmed (Saddar Branch, Rawalpindi) - Gold ornaments pledged by Muhammad Shahid (G-9 Markaz Branch, Islamabad) - Gold ornaments pledged by Muhammad Aslam (G-10 Markaz Branch, Islamabad) - Gold ornaments pledged by Muhammad Shah (G-11 Markaz Branch, Islamabad) - Gold ornaments pledged by Muhammad Aslam (G-8 Markaz Branch, Islamabad) - Gold ornaments pledged by Muhammad Shahid (G-7/5 Branch, Islamabad) - Gold ornaments pledged by Muhammad Aslam (G-7/4 Branch, Islamabad) - Gold ornaments pledged by Muhammad Shahid (G-6 Markaz Branch, Islamabad) - Gold ornaments pledged by Muhammad Aslam (G-5 Markaz Branch, Islamabad) The auction will take place on 28 September 2026 at 11:00 AM at the U Microfinance Bank Head Office, G-8/4, Islamabad. All interested bidders must bring their original CNIC and deposit a refundable earnest money as per the bank's policy. The gold ornaments can be inspected prior to the auction date during office hours. Only those who fulfill the eligibility criteria and deposit the required earnest money will be allowed to participate in the bidding process. A practical tip for bidders: Arrive early on the auction day to complete registration and review the gold items in person, as this will help you make informed bids and avoid last-minute rush.