AUCTION: Gold Ornaments Pledged Against Loan Accounts at Mobilink Bank Vehari

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 Limited, Vehari branch, is conducting a public auction of gold ornaments pledged by customers against loan accounts that have defaulted. The auction will be held at the bank premises on 30 September 2026 at 10:00 AM. Interested buyers are invited to participate and bid for the gold items as per the details below. Items being auctioned: - Gold ornaments pledged under account number 31102-5123646-1, weighing 20 grams, belonging to Muhammad Asif. Reserve price: Rs. 20,000 - Gold ornaments pledged under account number 31104-3216776-3, weighing 10.358 grams, belonging to Muhammad Shafique. Reserve price: Rs. 10,358 The auctioned gold consists of jewelry items deposited as collateral for microfinance loans. The total reserve price for both lots is Rs. 30,358. All items will be sold on an as-is-where-is basis, and the successful bidder must deposit the full bid amount immediately after the auction. Participation is open to the general public, and all interested parties must bring valid CNIC for registration before the auction begins. Earnest money is not required for this auction, but bidders are advised to inspect the gold items prior to the auction date during banking hours. The auction will be conducted in accordance with the bank's policies and relevant legal provisions. In case of any dispute, the decision of Mobilink Bank Limited will be final. Bidders should ensure timely arrival at the branch to complete registration formalities. A practical tip: bring cash or a pay order for immediate payment if you win, as delay in payment may result in forfeiture of the winning bid.