AUCTION: JS Bank Gold Ornaments Pledged as Security at Multiple Branches 2026

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. JS Bank Limited invites interested parties to participate in the open auction of gold ornaments pledged as security against defaulted finance facilities at various JS Bank branches across Pakistan. The auction is being conducted in accordance with the relevant banking and legal procedures, and all items are being sold on an as-is-where-is basis. The auction will take place at the respective branches as listed, and successful bidders will be required to pay the full bid amount plus any applicable taxes and charges. Items being auctioned: - Gold ornaments pledged by defaulting customers at JS Bank branches, with each lot identified by a unique account or reference number, branch name, and reserve price. For example: - Lot 1: Gold ornaments, Branch: Karachi Saddar, Reserve Price: Rs. 2,500,000 - Lot 2: Gold ornaments, Branch: Lahore Main, Reserve Price: Rs. 2,400,000 - Lot 3: Gold ornaments, Branch: Hyderabad, Reserve Price: Rs. 2,300,000 - Lot 4: Gold ornaments, Branch: Multan, Reserve Price: Rs. 2,200,000 - Lot 5: Gold ornaments, Branch: Faisalabad, Reserve Price: Rs. 2,100,000 - Lot 6: Gold ornaments, Branch: Rawalpindi, Reserve Price: Rs. 2,000,000 - Lot 7: Gold ornaments, Branch: Peshawar, Reserve Price: Rs. 1,900,000 - Lot 8: Gold ornaments, Branch: Quetta, Reserve Price: Rs. 1,800,000 - Lot 9: Gold ornaments, Branch: Sialkot, Reserve Price: Rs. 1,700,000 - Lot 10: Gold ornaments, Branch: Gujranwala, Reserve Price: Rs. 1,600,000 - Additional lots are listed in the notice, each with branch, account reference, and reserve price. The technical scope includes the sale of gold ornaments in their current pledged condition. All items are available for inspection at the respective branches prior to the auction date. Bidders must bring original CNIC and deposit earnest money as specified in the notice. Only those who fulfill the eligibility criteria, including submission of earnest money and compliance with JS Bank's auction terms, will be allowed to participate. The last date for submission of bids is **2026-10-21**. Bids must be submitted in person at the relevant JS Bank branch as per the lot details. For further details, interested parties are advised to visit the branch or contact the designated bank official. Tip: Carefully inspect the gold ornaments at the branch before bidding and ensure you understand the payment and transfer process, as all sales are final and items are sold as-is.