AUCTION: Gold Ornaments Pledged Against Finance by Mobilink Bank Chaklala Scheme III

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 Chaklala Scheme III branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to a customer who has failed to repay the loan along with markup. The auction is scheduled for 28-08-2026 at 10:00 AM. The customer named Sweed Ullah, residing at House# 19, Oxford Street, Green Avenue, Park Road, Islamabad, has pledged gold weighing 8 grams consisting of 2 chains and 1 locket. The bank has issued this public notice to inform the customer that if the entire outstanding financed amount along with markup is not paid within 1 day of this notice's publication, the pledged gold ornaments will be auctioned without further notice. Items being auctioned: - Gold Ornaments: 8 grams total weight - 2 Chains - 1 Locket This auction provides an opportunity for interested bidders to acquire gold ornaments held as collateral by Mobilink Bank. Bidders should be prepared to participate on the auction date and understand the terms of sale. The bank emphasizes timely payment to avoid auction. Interested parties should monitor the bank's announcements closely. A practical tip for bidders is to verify the authenticity and condition of the gold ornaments prior to the auction if possible, and ensure readiness with required funds and documentation to participate effectively on the auction day.