AUCTION: Public Auction of Mortgaged Property at Vehari

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. MCB Bank Limited is conducting a public auction to recover outstanding mortgage money from Mr. Zahid Hussain S/o Haq Nawaz, resident of Chak No-11, W.B Near Shamash Masjid, Mohallah Murtazaabad, Tehsil and District Vehari. The auction concerns a mortgaged property located at House No-163/A, measuring 06-Marlas, bearing Khewat No-11/5/2/11/5, Khatooni No-47, Qittat No-92, Square No-24, Acre No-2-Min, situated at Chak No-39 WB Urban in Defense View Housing Society, Phase-I, Gulberg Road, near University of Education Vehari. Items being auctioned: - House No-163/A, 06-Marlas - Khewat No-11/5/2/11/5 - Khatooni No-47 - Qittat No-92 - Square No-24 - Acre No-2-Min - Location: Chak No-39 WB Urban, Defense View Housing Society, Phase-I, Gulberg Road, Vehari The reserve price for the property is set at Rs. 10,285,000/- and no bids below this amount will be accepted. Interested bidders must deposit Rs. 300,000/- as earnest money via cash or pay order along with a copy of their CNIC before bidding starts. The highest bidder will be declared the successful purchaser and must deposit 25% of the bid amount within 2 business days, with the remaining balance payable within 15 days. Failure to comply will result in forfeiture of earnest money and re-auctioning of the property. The auction will be held on 17-11-2026 at 11:30 A.M. on site. The property will be sold on an 'as is where is' basis. The successful bidder will be responsible for all duties related to transfer and registration, including Federal and FBR taxes if applicable. This auction is managed by MCB Consumer Centre, Collection Department, branch at 59-A Abdali Road, Ground Floor, Multan. For inquiries, contact Mr. M Azhar Saleem (Advocate High Court) at 0333-4233808. Bidders should carefully inspect the property and documents before participating. Ensure timely submission of earnest money and required documents to avoid disqualification. This is a valuable opportunity to acquire property in Vehari through a transparent public auction process.