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

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 Islamabad branch I-8 has announced an auction of gold ornaments pledged as security against finance facilities extended to customers. The auction is scheduled for 31-08-2026 at 2:00 PM under branch code 0023. The bank is auctioning gold ornaments belonging to customers who have neglected repayment of their financed amounts along with markup. The auction will be conducted to recover the outstanding dues. Items being auctioned: - Customer: Sadaf Ali, CNIC 34104-1762063-4, Address: House# B-113, Street# 09, Sector I-7, Islamabad, Gold Weight: 104.58 GM, Details: 3 Mala, 2 Bangles, 3 Rings, 2 Kantay, 6 Earrings - Customer: Asma Shahzadi, CNIC 61101-3559160-4, Address: House# 43, Street# 118, Sector I-10/4, Islamabad, Gold Weight: 6.32 GM, Details: 2 Bracelets The auction involves gold ornaments of various types including mala, bangles, rings, kantay, earrings, and bracelets. The bank will sell these items to recover the outstanding finance amounts and markup. Bidders should note that the auction is a direct sale of pledged assets due to default in payment. Interested bidders should prepare to participate on the auction date at the specified branch. No further public notice will be issued. This is a valuable opportunity for buyers to acquire gold ornaments at auction. Bidders are advised to verify the items and understand the terms before bidding. A practical tip for bidders: Ensure you have the required earnest money or bid security ready as per bank instructions on the auction day to avoid disqualification. Also, visit the branch beforehand to inspect the items if possible.