AUCTION: Gold Ornaments Auction 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 is conducting an auction of gold ornaments due to customers' failure to repay finance facilities extended against the security of deposit and pledge of gold. The auction will take place at the Gulistan-e-Johar branch in Karachi on 28-08-2026 at 11:00 AM. Items being auctioned include gold ornaments pledged by the following customers: - Yasmeen Khatoon: 4.5 GM gold consisting of 3 Rings - Amarta Bhutto: 14.9 GM gold consisting of 2 Bangles - Komal: 13.4 GM gold consisting of 4 Earrings, 1 Ring, 2 Lockets, 1 Chain The auction is a result of non-payment of the entire outstanding financed amount along with markup within one day of this notice's publication. Mobilink Bank will not issue any further public notice to call upon the customers for payment. Bidders should prepare to participate in the auction by understanding the gold items and their weights. This auction provides an opportunity for interested bidders in Karachi to acquire gold ornaments at potentially competitive prices. Mobilink Bank invites all eligible bidders to attend the auction at the specified date and time. It is advisable to inspect the items beforehand if possible and arrange the required funds and documentation for participation. For bidders, a practical tip is to ensure timely arrival at the auction venue and to bring valid identification and any required earnest money or bid security as per Mobilink Bank's auction terms. This will facilitate smooth participation and increase chances of successful bidding.