AUCTION: Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank Bhalwal Branch

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's Bhalwal branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. The auction is scheduled for 30-10-2026 at 10:00 AM. The bank has issued this public notice to inform the customers and potential bidders about the auction of pledged gold items due to non-payment of outstanding amounts along with markup. Items being auctioned: - Bilal Siddique: 35.1 GM gold consisting of 1 Kara, 1 Gani, 2 Kantay, 1 Ring - Sajid Ali: 75.7 GM gold consisting of 1 Kara, 1 Ring, 2 Gani Broken, 2 Kantay - Waqar Hussain: 113.5 GM gold consisting of 2 Kary, 2 Har, 12 Kantay, 1 Ring - Mohsin Riaz: 37.85 GM gold consisting of 2 Kantay, 1 Gani, 3 Rings - Abida Parveen: 70.5 GM gold consisting of 1 Katmala - Mohees Arif: 27 GM gold consisting of 2 Kantay, 3 Rings The auction involves pledged gold ornaments held as collateral for finance facilities. The bank will proceed with the auction if the customers fail to repay the outstanding amounts within one day of this notice's publication. This is a final public notice and no further reminders will be issued. Interested bidders should prepare to participate on the auction date at the Bhalwal branch. The notice does not specify any eligibility criteria or earnest money requirements, but bidders should ensure compliance with standard auction procedures and bring valid identification. A practical tip for bidders is to verify the purity and weight of the gold items before bidding and to arrange for immediate payment if successful, as these auctions typically require prompt settlement. This auction provides an opportunity to acquire gold ornaments at potentially competitive prices directly from the bank's pledged assets in Bhalwal.