AUCTION: Gold Ornaments Pledged as Security at Khushhali Microfinance Bank Rawalpindi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Khushhali Microfinance Bank Limited, Rawalpindi branch, is conducting a public auction of gold ornaments that were pledged as security against defaulted loans. The auction will take place at the bank's Saddar branch in Rawalpindi on 12-08-2020 from 9:00 am to 12:00 pm. Interested parties are invited to participate in this open auction process. Items being auctioned: - Gold Ornaments (pledged as security) - 19 gram (various items) - 32.40 gram (various items) - Total pledged gold: 51.40 grams The gold ornaments are comprised of different types of jewelry, including bangles, rings, and earrings, as detailed in the notice. The auction is being held due to non-payment of loans by the borrowers, and the pledged gold will be sold to recover the outstanding amounts. All items will be available for inspection before the auction begins. Eligibility to participate requires interested bidders to bring their original CNIC for registration. The successful bidder must deposit the full bid amount immediately after the auction is concluded. The bank reserves the right to reject any or all bids without assigning any reason. The auction will be conducted in accordance with the bank's policies and relevant legal requirements. The auction will be held at Khushhali Microfinance Bank, Saddar Branch, Rawalpindi. For further details, contact the branch manager at the number provided below. Bidders are advised to arrive early to complete the registration process and inspect the gold items before bidding begins. A practical tip: bring a goldsmith or expert with you to assess the value and authenticity of the gold ornaments on the spot, as this can help you make an informed bid.