AUCTION: Gold Ornaments Pledged at Mobilink Bank Chunian 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 Chunian branch is offering an auction of gold ornaments pledged as security against finance facilities extended to a customer who has defaulted on repayment. The auction is scheduled for 30-09-2026 at 11:00 AM. The customer, Nadia Bibi, residing at Post Office Khas, Mokal, Tehsil Chunian, District Kasur, has failed to repay the financed amount along with markup. Mobilink Bank will auction the pledged gold ornaments if payment is not made within one day of this notice's publication. Items being auctioned: - 94 grams of gold - 6 Bangles - 1 Jhumar - 1 Mala - 3 Rings - 2 Kantay This auction provides an opportunity for bidders to acquire valuable gold ornaments held as collateral by Mobilink Bank. The auction is conducted under the bank's public notice policy to recover outstanding dues. Interested bidders should note the exact date and time and prepare to participate accordingly. Eligibility to participate typically requires registration with the bank or auction authority and compliance with auction terms, including earnest money or bid security as per bank rules. Bidders should verify all details and ensure timely presence at the auction venue. The auction will be held at the Mobilink Bank Chunian branch. Bidders are advised to inspect the items beforehand if possible and arrange for payment methods accepted by the bank. Timely payment is crucial to avoid disqualification. A practical tip for bidders: Confirm the authenticity and purity of gold items through proper channels before bidding to ensure informed decision-making and avoid post-auction disputes.