AUCTION: Gold Ornaments Unclaimed 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 have remained unclaimed by borrowers at various branches. The auction will be held on 31 July 2026 at 11:00 AM at the respective branch locations. This is an excellent opportunity for interested buyers to acquire gold items through a transparent process. The total estimated value of the gold ornaments is bold Rs. 11 Crore. Items being auctioned: - Gold ornaments pledged by borrowers at U Bank Dera Ghazi Khan Branch (location: Dera Ghazi Khan) - Gold ornaments pledged by borrowers at U Bank Islamgarh Branch (location: Islamgarh) - Gold ornaments pledged by borrowers at U Bank Samasatta Branch (location: Samasatta) - Gold ornaments pledged by borrowers at U Bank Bahawalpur Branch (location: Bahawalpur) - Gold ornaments pledged by borrowers at U Bank Yazman Branch (location: Yazman) Each lot consists of gold items deposited as collateral by customers who have defaulted or failed to reclaim their pledged assets. The auction will be conducted at the respective branches, and interested parties are encouraged to visit the branches for inspection prior to the auction date. The gold will be sold to the highest bidder, subject to the reserve price and auction terms. Participants must bring valid CNIC and deposit earnest money as per auction rules. Payment terms and further details can be obtained from the branch managers. The auction is open to all eligible individuals and entities. For further information, contact the U Bank Head Office or the respective branches. Tip: Arrive early on the auction day to complete registration and inspect the gold lots, as this will give you a better chance to assess the quality and value before bidding.