AUCTION: Gold Ornaments Against Finance Facilities by Mobilink Bank Tariq Road 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's Tariq Road branch in Karachi is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. The auction is scheduled for 29-10-2026 at 2:00 PM. Items being auctioned include gold ornaments pledged by the following customers: - Sayed Areeb: 16.860 GM gold with 3 lockets and 2 earrings - Hamza Hussain: 17.550 GM gold with 1 mala chain and 1 earring - Syed Sultan Mehdi: 17.250 GM gold with 2 lockets, 1 ring, and 1 earring - Sayed Altaf Hussain: 16.500 GM gold with 4 earrings and 1 locket - Alya Fatima: 11.100 GM gold with 1 haar, 3 rings, and 1 tops The auction is a result of customers neglecting repayment of their financed amounts along with markup. Mobilink Bank will proceed with the auction if payment is not made within one day of this notice's publication. This auction provides an opportunity for bidders to acquire valuable gold ornaments at competitive prices. Interested bidders should note the auction date and prepare the necessary earnest money or bid security as per Mobilink Bank's auction terms. The auction will be held at the Tariq Road branch, Karachi. Bidders are advised to inspect the items beforehand and ensure compliance with all auction requirements. A practical tip for bidders is to verify the purity and condition of the gold ornaments during inspection to make informed bidding decisions. Timely payment and adherence to auction rules will ensure a smooth acquisition process.