AUCTION: Gold Ornaments Unclaimed in U Microfinance Bank Branches Across Punjab and Islamabad

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 unclaimed gold ornaments that were pledged as collateral for loans and have remained unredeemed despite repeated notices to the original owners. The auction will be held at the bank's Head Office in Islamabad, and interested parties are invited to participate in accordance with the terms and conditions set by the bank. The auction is scheduled for 5 October 2026 at 11:00 AM. Items being auctioned: - Gold ornaments pledged at U Bank branches in Lahore, Dera Ghazi Khan, Chichawatni, Burewala, Vehari, Sahiwal, Pakpattan, Arifwala, Okara, Bahawalnagar, Bahawalpur, Multan, Khanewal, Lodhran, Muzaffargarh, Layyah, Rajanpur, Rahim Yar Khan, and Islamabad, with each lot identified by branch, account holder, and reference number as listed in the notice. Specific details include: - Gold pledged by Muhammad Shafique (Chichawatni branch, account 453/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 435/3) - Gold pledged by Muhammad Iqbal (Chichawatni branch, account 425/3) - Gold pledged by Muhammad Riaz (Chichawatni branch, account 433/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 50/3) - Gold pledged by Muhammad Shafique (Chichawatni branch, account 373/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 455/EB) - Gold pledged by Muhammad Iqbal (Chichawatni branch, account 369/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 309/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 307/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 98/EB) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 114/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 327/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 58/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 43/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 116/3) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 270/N) - Gold pledged by Muhammad Aslam (Chichawatni branch, account 9/3) - Additional lots from other branches and account holders as detailed in the notice. All gold items will be auctioned as per the list, with each lot corresponding to a specific account and branch. The auction is open to all eligible bidders, and participants must bring valid identification and deposit the required earnest money as per bank policy. The auction will be conducted transparently, and successful bidders must pay the full amount immediately after the auction. For further details, visit the U Bank Head Office at G-8/4, Islamabad, or contact the provided phone number. A practical tip: Arrive early to inspect the lots and clarify any queries with the auction committee before bidding begins, as this can help you make informed decisions and avoid last-minute confusion.