AUCTION: Mortgaged Properties of U Microfinance Bank Borrowers

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 has issued a public auction notice concerning mortgaged properties linked with loan-defaulting borrowers. Interested participants should treat this as an asset-rights auction rather than a supply tender. The successful bidder will acquire the applicable rights in the auctioned property subject to the bank terms, verification of title documentation, applicable recovery proceedings, and completion of payment requirements. The notice is issued through **U Microfinance Bank Limited**, Islamabad. Lots listed in the printed notice comprise: Lot 1, mortgaged property associated with Ameer Ali; Lot 2, mortgaged property associated with Muhammad Afzal; Lot 3, mortgaged property associated with Muhammad Tariq; Lot 4, mortgaged property associated with Rehmat Ali; Lot 5, mortgaged property associated with Tanveer Mahmood; Lot 6, mortgaged property associated with Zulfiqar Ali; Lot 7, mortgaged property associated with Muhammad Mureed; Lot 8, mortgaged property associated with Muhammad Qasim; Lot 9, mortgaged property associated with Mian Muhammad; and Lot 10, mortgaged property associated with Muhammad Ali. Property addresses and auction-date entries are printed in Urdu in the notice; bidders should obtain and inspect the complete bank record before bidding. Participants are required to deposit a cheque equal to 10 percent of the applicable bid amount, as stated in the notice, within the stipulated period. The notice refers to a deadline of **17 August 2026, 11:00 AM**. No reserve price, upset price, or total estimated value is clearly printed. Bidders should confirm whether the quoted 10 percent amount is earnest money, security deposit, or a mandatory participation deposit and should obtain the bank acceptance conditions in writing. Practical tip: conduct an independent site inspection, verify possession status, land record, encumbrances, utility liabilities, court cases, taxes, and transfer costs before submitting any cheque. Attend the auction only with documented authority, valid CNIC, proof of funds, and a written acknowledgement from the bank for every deposit submitted.