AUCTION: Gold Ornaments Pledged to Mobilink Bank Kot Addu Branch

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 Kot Addu branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to a customer who has defaulted on repayment. The auction will take place on 30-09-2026 at 2:00 PM. The customer, Mumtaz Khan, residing at Post Office Chak Number 150 M/L, Kot Addu, District Muzaffargarh, has neglected to repay the financed amount along with markup. Mobilink Bank hereby notifies that if payment is not made within one day of this notice's publication, the pledged gold ornaments will be auctioned without further public notice. Items being auctioned: - Gold ornaments weighing 100.3 grams - Details include 6 Chorian, 2 Keinthi, 2 Kantay This auction provides an opportunity for interested bidders to acquire gold ornaments held as collateral by Mobilink Bank. The bank has extended finance facilities against these deposits, and the auction is a result of non-payment by the customer. Bidders should prepare to participate at the specified date and time at the Kot Addu branch. Interested parties should note the urgency of the payment deadline and the bank's right to auction the items without further notice. This auction is a straightforward sale of pledged gold, and bidders should ensure they meet any required formalities and bring necessary earnest money or pay orders as per bank regulations. For bidders, a practical tip is to verify the purity and authenticity of the gold ornaments during the auction process and to be prepared with valid identification and financial instruments for payment. Early attendance and due diligence can improve chances of successful bidding.