AUCTION: Rescheduled Public Auction of Mortgaged Residential Property by Dubai Islamic Bank (Pakistan) Limited

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Dubai Islamic Bank (Pakistan) Limited announces the rescheduling of its public auction of mortgaged property originally published on 22nd October 2026. The auction concerns the sale of a residential property mortgaged by M/s. Artema Medical under the Financial Institutions (Recovery of Finances) Ordinance, 2001. The property is described as a residential land and building bearing House No. 109, measuring 4 Kanals and 11 Sq. Ft., owned by Mr. Daniyal Arif S/o Muhammad Arif Sheikh, located at Ravi Block, Green Forts 2, Farm Housing Scheme, Lahore. The auction date has been rescheduled from Monday, 9th November 2026 at 11:30 AM to Tuesday, 10th November 2026 at 11:30 AM. The venue remains the SAM Department, Dubai Islamic Bank (Pakistan) Limited, 70-Z, DHA Phase II, Lahore. All other terms and conditions of the original auction notice remain unchanged and this corrigendum is an integral part of that notice. Items being auctioned: - Residential property (land and building) House No. 109, 4 Kanals and 11 Sq. Ft., Ravi Block, Green Forts 2, Farm Housing Scheme, Lahore. Interested bidders should note the revised auction date and venue carefully. Earnest Money or Bid Security requirements and other eligibility criteria remain as per the original notice. Bidders are advised to ensure timely submission of their bids and to verify all auction terms beforehand. A practical tip for bidders is to visit the property site in advance to assess its condition and verify ownership details to avoid any surprises during the auction process.