Auction of Gold Ornaments Against Defaulted Finance by Mobilink Bank Lahore
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Closing Date:
2026-07-31
2026-07-31
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Tender Document
Tender Description
Mobilink Bank Lahore branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. This auction is scheduled for 31-07-2026 at 01:00 PM at the AIT Lahore branch, branch code 2032. The bank has issued this public notice to inform interested parties and potential bidders about the auction of these gold items.
Items being procured:
- 4 Kanty, 1 Chain, 1 Ring, 1 Gani (50 GM)
- 1 Kenthi (18.34 GM)
- 1 Chain Locket (7.6 GM)
- 1 Chain (11 GM)
- 1 Kara Lakh, 2 Kanty (13.75 GM)
The gold ornaments are from various customers residing in Lahore, including Mohalla Kot Kamboh, Ghafor Park, Bund Road; Post Office Khas Cheena, AA Rala, Tehsil Lahore; Street No. 14, House No. 3, Mohalla Abdul Ghani Park; House No. 466, Mohalla Karim Block, Allama Iqbal Town; and House No. 146, Block A, Mohalla Faisal Town. The auction is a direct sale of pledged gold due to non-payment of the financed amount plus markup by the customers.
This auction provides an opportunity for interested buyers to acquire gold ornaments at potentially competitive prices. Bidders should note the exact auction date and time and prepare accordingly. The bank will not issue any further public notices after this one, so timely participation is crucial.
No specific PEC category or FBR registration is required for participation in this auction. However, bidders should ensure they understand the auction terms and conditions and have the means to complete payment promptly.
The auction will be held on 31st July 2026 at 01:00 PM at the Mobilink Bank AIT Lahore branch. Interested parties should attend the auction venue on time to participate. A practical tip for bidders is to inspect the gold items beforehand if possible and arrange for earnest money or payment instruments as required by the bank to avoid disqualification.
This notice is a final call for the sale of these pledged gold ornaments due to defaulted finance, offering a unique procurement opportunity in Lahore by Mobilink Bank.