AUCTION: Gold Ornaments Pledged as Security at Civil Line Branch Sargodha (0397)

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. National Bank of Pakistan (NBP) Civil Line Branch Sargodha (0397) is conducting a public auction of gold ornaments that were pledged as security against loans. The auction is being held due to the borrowers' failure to repay their loans within the stipulated period. The auction will take place at the branch premises, and interested parties are invited to participate as per the terms and conditions outlined by the bank. Items being auctioned: - Gold ornaments pledged by Kiran Shehzadi (Father: Badar Kamal), Account No. 5513486655, located at P.I. Jahan Khan, Tehsil Sargodha, with a reserve price of PKR 391,000.00 - Gold ornaments pledged by Nazra Iqbal (Father: Muhammad Iqbal), Account No. 5513495793, located at Barkat Street 39/2, Near P.I. Jahan Khan, with a reserve price of PKR 837,000.00 - Gold ornaments pledged by Asad Ur Rehman (Father: Bashir Sharif), Account No. 6259818956, located at Chak Number 98/NB, Near Doctor Bashir Khan, Tehsil Sargodha, with a reserve price of PKR 1,832,000.00 The total estimated value of the gold ornaments is PKR 3,060,000.00. The auction is open to the general public, and all interested bidders must deposit a refundable earnest money of PKR 10,000 before participating. The successful bidder will be required to pay the full bid amount immediately after the auction. Bidders are advised to bring their original CNIC and proof of deposit for earnest money. The auction will be conducted in accordance with the bank's policies, and the decision of the auction committee will be final. A practical tip: Arrive early on the auction day to inspect the gold ornaments and clarify any queries with the branch staff. This will help you make an informed bid and avoid last-minute confusion. For further details, contact the branch during working hours.