AUCTION: Gold Ornaments Against Finance Facilities by Mobilink Bank Lahore

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 Lahore is announcing an auction of gold ornaments held as security against finance facilities extended to customers who have defaulted on repayment. The auction will take place on 28-08-2026 at 10:00 AM at the DHA Lahore branch. The bank has issued this public notice to inform the concerned customers and potential bidders about the auction of pledged gold items. Items being auctioned: - Gold ornaments belonging to Azeem Maqbool: 15.9 grams gold weight including 2 rings and 1 bracelet - Gold ornaments belonging to Nadia Kashif: 11.8 grams gold weight including 1 chain The gold items are held as collateral against outstanding financed amounts. The bank warns that if the customers fail to repay the dues within one day of this notice's publication, the auction will proceed without further notice. This is a final call for repayment before the auction. Interested bidders should note the auction date and venue carefully. The auction offers an opportunity to acquire gold ornaments at potentially competitive prices. Bidders are advised to inspect the items beforehand and prepare the necessary earnest money or pay order as per bank requirements. This notice is crucial for the customers to avoid loss of pledged assets and for bidders seeking investment in gold. Mobilink Bank encourages timely payments and transparent auction proceedings. For participation, bidders should contact the bank branch and comply with auction terms. The bank reserves the right to proceed with the auction as per rules if payments are not received. A practical tip for bidders: Arrive early on auction day to complete registration and clarify any queries with bank officials to ensure smooth participation.