Auction of Gold Ornaments by Mobilink Bank Gulistan-e-Johar Branch Karachi

Mobilink Bank Gulistan-e-Johar Branch Karachi is conducting an auction of gold ornaments due to customers defaulting on repayment of finance facilities secured against pledged gold. The auction is scheduled for 31-07-2026 at 11:00 AM. Items being auctioned include gold ornaments pledged by the following customers: - Syed Safdar Hussain Abidi: 4.7 grams gold consisting of 1 Chain and 1 Locket - Ghulam Akbar: 22.5 grams gold consisting of 1 Bangle - Mian Abdul Nabi Abbasi: 22.5 grams gold consisting of 1 Bangle - Jameel Ahmed Channa: 5.2 grams gold consisting of 2 Earrings This auction is a result of customers neglecting to repay the financed amount along with markup within the stipulated time. The gold items are located at the Gulistan-e-Johar branch in Karachi. Interested bidders should note the auction date and time carefully. Mobilink Bank is the issuing authority and the auction is held at their Karachi branch. No specific eligibility criteria such as PEC category or FBR registration apply as this is an auction of pledged gold items. Bidders should prepare to participate in person at the branch on the auction date. The auction provides an opportunity to acquire gold ornaments at potentially competitive prices. The key date to remember is the auction on 31st July 2026 at 11:00 AM. Bidders should ensure timely presence and bring necessary identification and earnest money as required by the bank. One practical tip is to verify the authenticity and condition of the gold items prior to bidding, if possible, to make an informed decision.