AUCTION: Gold Ornaments by Mobilink Bank Sheikhupura 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 Sheikhupura branch is conducting an auction of gold ornaments against the security of deposit and pledge of gold by a customer who has defaulted on repayment of financed amount. The auction is being held due to non-payment of the entire outstanding financed amount along with markup by the customer within 1 day of this notice's publication. The bank will not issue any further public notice and will not be responsible for any claims from the customer after the auction. Items being auctioned: - Gold Ornaments weighing 22 grams - Details: 1 Gari, 2 Kantlay This auction provides an opportunity for interested bidders to acquire gold ornaments held as security by Mobilink Bank. The auction will be held at the Sheikhupura branch on 28-08-2026 at 10:00 AM. Bidders should prepare to participate promptly and ensure they meet any bank requirements for participation. Earnest money or bid security details are not specified but bidders should be ready to comply with standard auction procedures. Interested parties should visit the Mobilink Bank Sheikhupura branch for further details and to inspect the items if possible. The bank emphasizes that no further notices will be issued, so timely action is critical. A practical tip for bidders is to verify the purity and authenticity of the gold ornaments before bidding to avoid any post-auction disputes. This auction is a straightforward opportunity to acquire gold assets from a reputable financial institution in Sheikhupura, Punjab.