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AUCTION: Gold Ornaments Against Finance Facilities by Mobilink Bank Khairpur Tamewali

Active Tender
Closing Date:
2026-08-29

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 Khairpur Tamewali branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to a customer. The auction is scheduled for 28-08-2026 at 12:00 PM under branch code 3032. The customer, Asiya Bibi, holding CNIC 35202-4584796-0, residing at Post Office Township, Sato Cut, Bahawalpur, has defaulted on repayment of the financed amount along with markup. Mobilink Bank hereby notifies that if payment is not made within one day of this notice's publication, the pledged gold will be auctioned. Items being auctioned: - Gold Ornaments weighing 8.5 grams - Details: 2 Kanty This auction provides an opportunity for interested bidders to acquire gold ornaments held as collateral. The bank has extended finance facilities against these assets, and the auction is a legal recourse due to non-payment. Bidders should prepare to participate at the specified date and time at the Khairpur Tamewali branch. Interested parties should ensure they understand the terms of the auction and arrange for earnest money or bid security as required by the bank's auction procedures. It is advisable to inspect the items beforehand if possible and confirm all auction conditions with the bank. The auction date is fixed and no extensions are expected. Bidders should submit their bids in person at the branch on the auction date. Mobilink Bank encourages serious bidders to attend promptly to avoid missing this opportunity. A practical tip for bidders is to verify the purity and authenticity of the gold ornaments prior to bidding to make an informed decision. Mobilink Bank's auction is a transparent process, and timely payment by the defaulting customer can halt the auction if settled within the stipulated time.
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