AUCTION: Gold Ornaments Pledged by Borrowers at U Microfinance Bank Branches

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. U Microfinance Bank Limited is conducting an open auction of gold ornaments that were pledged by borrowers who have defaulted on their loans and failed to repay their dues. The auction will be held at the respective branches where the gold is currently stored. Interested parties are invited to participate in this transparent process, which will take place on 9 March 2026 at 11:00 AM. The auction is open to all eligible bidders who comply with the bank's terms and conditions. Items being auctioned: - Gold ornaments pledged by borrower Abid Iqbal at U Bank Branch, Dera Ghazi Khan - Gold ornaments pledged by borrower Imran Khan at U Bank Branch, Dera Ghazi Khan - Gold ornaments pledged by borrower Muhammad Rizwan at U Bank Branch, Dera Ghazi Khan - Gold ornaments pledged by borrower Muhammad Rizwan at U Bank Branch, Layyah - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Layyah - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Kot Addu - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Kot Addu - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Kot Addu - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Kot Addu - Gold ornaments pledged by borrower Ghulam Farid at U Bank Branch, Kot Addu The auction lots consist of gold jewelry items, each associated with a specific borrower and branch location as listed above. The gold will be sold to the highest bidder, subject to the reserve price and the bank's approval. All participants must bring valid identification and deposit earnest money as specified by the bank before the auction begins. Bidders are advised to inspect the gold items at the respective branches prior to the auction date. The auction will be conducted in accordance with the bank's policies, and successful bidders must make payment as per the announced terms. For further details, contact the bank at the provided phone number. A practical tip: Arrive early on the auction day to complete registration and review the items, as this can give you a competitive edge in the bidding process.