AUCTION: Sale of Mortgaged Properties at Kashif Centre Lahore by Pak Oman Investment Company Limited

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Pak Oman Investment Company Limited is offering for public auction two mortgaged properties located at Kashif Centre, 55/A Chamberlain Road/Mission Road, Lahore. The auction will be held at the office of Pak Oman Investment Company Limited, Office No. 24, 2nd Floor, Park Lane Tower (Mall of Lahore), 172 - Tufail Road, Lahore Cantonment. Items being auctioned: - Property No. 1: Built-up property measuring 1,967 Square Feet, Flat No. 1, Block A, 2nd Floor, Kashif Centre, Reserve Price: Rs. 22,571,325 - Property No. 2: Built-up property measuring 220 Square Feet, Flat No. 4, 1st Floor, Kashif Centre, Reserve Price: Rs. 2,524,500 The properties are mortgaged by Mian Imran Abdullah and co-mortgagors including Ayesha Imran widow, Muhammad Ashar Imran son, Muhammad Ahsan Imran son, and Aimen Imran daughter of Mian Imran Abdullah. The auction is conducted under section 15 of the Financial Institutions (Recovery of Finances) Ordinance, 2001. Bidders must deposit security amounts of Rs. 500,000 for Property No. 1 and Rs. 100,000 for Property No. 2 prior to auction. Bids below the reserve price will not be entertained. The successful bidder must deposit 25% of the bid amount within 2 business days and the remaining 75% within 15 days. Sale deed will be executed after 7 days of full payment. The auction date is Monday, 26th October 2026, starting at 11:00 a.m. with Property No. 1 followed by Property No. 2 at 12:30 p.m. Interested bidders should carefully review the terms and conditions and contact Pak Oman Investment Company Limited for further details. A practical tip for bidders: Ensure timely submission of the security deposit and prepare all required documents in advance to avoid disqualification during the auction process.