Auction of Gold Ornaments Pledged Against Finance Facilities by Mobilink Bank Qambar Branch

Mobilink Bank Qambar branch is conducting an auction of gold ornaments pledged as security against finance facilities extended to customers who have defaulted on repayment. The auction will take place on 31-07-2026 at 02:00 PM. This notice is specifically for the Qambar branch and concerns gold pledged by customers in the Sindh province. Items being procured: - 17.20 grams gold consisting of 1 Jori Lelam, 1 Hasri, 1 Tika pledged by Shahban Ali from Village Wasoo Kalhoro, P.O Nasirabad, District Qambar, Shahdadkot - 11 grams gold consisting of 3 Jorri Lelam, 1 Nath, 1 Challa, 2 Balian pledged by Jawad Ali from Goth Pithi Bilawal, Larkana - 3.28 grams gold consisting of 6 Balian, 1 Jori Nasbio pledged by Nadir Ali from Goth Waso Ji Wandh, Post Office Sheh, Larkana The auction involves the sale of gold ornaments pledged as collateral for finance facilities. The bank has extended these facilities against the security of gold deposits, and due to non-payment by the customers, the bank is now auctioning these items. The scale of the auction is limited to the specified gold weights and types of ornaments listed for each customer. Interested bidders should note that this is an auction of pledged gold and not a typical procurement tender. The auction date and time are fixed, and no further public notice will be issued. The auction is a direct sale of assets due to defaulted payments. Bidders should ensure they attend the auction on time and be prepared to meet the payment terms as per the bank’s conditions. Since this is a bank auction, no technical or financial bid submission is required, but bidders should verify the authenticity and condition of the gold ornaments before bidding. The auction will be held at Mobilink Bank Qambar branch. The bank advises bidders to carefully review the details of the gold items and the auction terms. One practical tip is to inspect the gold items in person before the auction to assess their condition and value, which will help in making informed bidding decisions.