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AUCTION: Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank Chishtian

Active Tender
Closing Date:
2026-09-30

Tender Document

Tender Document

Tender Description

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 Chishtian branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have failed to repay their dues. The auction is scheduled for 30-09-2026 at 11:00 AM. The bank has issued this public notice to inform the customers and the general public that if the outstanding amounts along with markup are not paid within one day of this notice's publication, the pledged gold ornaments will be auctioned without further notice. Items being auctioned: - Muhammad Usman Haidar: 5 grams gold consisting of 2 rings and 2 kantay - Mehboob: 2.6 grams gold consisting of 2 earrings This auction involves pledged gold items held as collateral for finance facilities. The bank is enforcing recovery through auction due to non-payment. Interested bidders should note the exact weights and descriptions of the gold items. Eligibility to participate requires compliance with auction terms set by Mobilink Bank. Bidders should prepare earnest money or bid security as per bank instructions. The auction will be held at the Chishtian branch premises. The key date is 30th September 2026, with the auction starting at 11:00 AM sharp. Bidders are advised to attend on time and bring valid identification and required financial instruments such as Pay Orders or CDRs. A practical tip for bidders: Verify the authenticity and condition of the gold items before bidding and ensure you understand the auction terms and payment deadlines to avoid disqualification or forfeiture of bid security.
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