Auction of Gold Ornaments Against Security Deposit by Mobilink Bank Lahore

Mobilink Bank Lahore is conducting a public auction of gold ornaments pledged as security deposits against finance facilities extended to customers who have defaulted on repayment. This auction is scheduled to take place at the Mozang branch of Mobilink Bank, Lahore, on 28-07-2026 at 11:00 AM. The bank is offering these gold items to recover outstanding financed amounts along with markup. Items being procured: - 2 Ghani (88 GM) pledged by Husnain Ali - 1 Chain (Broken) (3.2 GM) pledged by Nasir Javed - 1 Ghani, 1 Kanta (65 GM) pledged by Muhammad Sami - 2 Karay, 1 Kanta (67 GM) pledged by Yasir Bhatti - 3 Karay, 2 Kantay (85 GM) pledged by Mussa Nasir - 1 Mala, 2 Kantay (8.6 GM) pledged by Muhammad Ali Khan - 2 Ghaniya (85 GM) pledged by Ali Riaz The auction involves gold ornaments of various weights and types, including Ghani, Chain, Karay, Kanta, Mala, and Ghaniya. These items are held as collateral for finance facilities extended by Mobilink Bank. The auction will be conducted at the bank’s Mozang branch in Lahore, ensuring a secure and transparent process. Interested bidders should note that the auction is a direct sale of pledged gold due to non-payment by the customers. No further public notice will be issued after this announcement. Bidders are advised to attend the auction on the specified date and time to participate. This auction is a unique opportunity for suppliers and buyers interested in gold ornaments in Lahore. Mobilink Bank ensures compliance with all regulatory requirements for auctioning pledged assets. No technical or financial bid submission is required; participation is on the auction day. A practical tip for bidders is to inspect the gold items carefully before the auction if possible, and be prepared with the necessary funds to complete the purchase immediately after winning the bid. This will ensure smooth transaction and ownership transfer. The auction date is fixed on 28-07-2026 at 11:00 AM at Mobilink Bank Mozang Lahore branch. All interested parties should mark this date and prepare accordingly.