AUCTION: Gold Pledged Items at U Microfinance Bank Branches in Chora, Sultan, and Khushab

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 pledged items at its branches in Chora, Sultan, and Khushab. This auction is being held to dispose of gold items that were pledged as collateral by customers who have defaulted on their loan repayments. The auction will take place on 24 June 2026 at 11:00 AM at the respective branch locations. Interested bidders are invited to participate and acquire these gold items through a transparent bidding process. Items being auctioned: - Gold pledged items at U Microfinance Bank, Chora Branch, Tehsil Chora, District Khushab - Gold pledged items at U Microfinance Bank, Sultan Branch, Tehsil Sultan, District Khushab - Gold pledged items at U Microfinance Bank, Khushab Branch, District Khushab All gold items are being sold as-is, and the auction is open to the public. Bidders must bring valid identification and are required to deposit 10 percent of the bid amount as Earnest Money (Pay Order or CDR) at the time of the auction. The successful bidder must pay the remaining amount within the stipulated time as per bank policy. The auction committee reserves the right to accept or reject any bid without assigning any reason. For eligibility, participants should ensure they have no outstanding dues with the bank and comply with all terms and conditions announced on the auction day. The auction will be conducted in a fair and transparent manner, and all items will be available for inspection before bidding begins. A practical tip: Arrive early to inspect the gold items and clarify any queries with the branch staff before the auction starts. This will help you make informed bids and avoid last-minute confusion. The auction will be held at the respective branches, and further details can be obtained by contacting the bank at the number provided below.