AUCTION: Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Mobilink Bank Karachi is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. The auction will take place at the DHA branch of Mobilink Bank, Karachi, on 31-08-2026 at 10:00 AM. The bank has issued this public notice to inform the concerned customers that failure to repay the outstanding financed amount along with markup within one day of this notice's publication will result in the auction of their pledged gold without further public notice. Items being auctioned: - Ahsan Ali: 15.4 GM gold, 1 Chain - Humayun Pervaiz: 15.6 GM gold, 1 Chain - Khalida Saleem: 26.83 GM gold, 2 Bangles, 1 Chain, 2 Bundy, 1 Ring - Saeed Khan: 8.26 GM gold, 4 Sahary, 4 Rings, 2 Jhumke - Syed Raza Abbas: 24 GM gold, 1 Bracelet, 1 Chain, 1 Ring, 2 Lockets The auction involves pledged gold ornaments including chains, bangles, rings, bracelets, and traditional jewelry items. This is a direct auction by the bank to recover outstanding dues secured by these gold pledges. Interested bidders should note the exact weights and types of gold items listed for each customer. Bidders are advised to attend the auction on the specified date and time at the Mobilink Bank DHA branch, Karachi. No further public notices will be issued, so timely participation is crucial. Earnest money or bid security details are not mentioned, so bidders should prepare accordingly. A practical tip for bidders is to verify the authenticity and condition of the gold ornaments before the auction if possible, and to arrange finances in advance to ensure smooth participation and payment upon successful bidding.