AUCTION: Gold Ornaments Against Finance Facilities by Mobilink Bank

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 pledged as security against finance facilities extended to a customer at the Chowk Sarwar Shaheed branch. The auction is scheduled for 28-08-2026 at 11:00 AM under branch code 2016. The customer, Abid Hussain, holding CNIC 42201-0438602-9, has defaulted on repayment of the financed amount including markup. The pledged gold items consist of 2.1 grams of gold in the form of 2 Kantay gold ornaments. The bank hereby notifies that if the outstanding amount is not cleared within one day of this notice's publication, the gold ornaments will be auctioned to recover dues. This auction provides an opportunity for interested bidders to acquire gold items at competitive prices directly from the bank. Interested bidders should prepare to participate on the auction date and ensure compliance with bank terms. Earnest money or bid security details are not specified in the notice. The auction is a direct sale of pledged assets, and bidders should be aware of the legal and financial implications. For bidders, a practical tip is to verify the purity and weight of the gold ornaments before bidding and arrange for timely payment to avoid complications. The auction will be held at the branch premises in Chowk Sarwar Shaheed, Punjab. Items being auctioned: - Gold Ornaments, 2 Kantay, 2.1 grams