Gold Jewellery Auction of Pledged Items from Loan Defaulters

LOLC Microfinance Bank Limited is conducting a public auction of gold jewellery pledged by loan defaulters who have repeatedly failed to redeem their pledged items despite multiple reminders. This auction is a final opportunity for the defaulters to collect their jewellery within seven days of the notice publication. Failure to comply will result in the auction of the pledged items starting at 1:00 p.m. The auction covers multiple locations including Attock, Chakwal, Dina, Gujar Khan, Gujranwala, Islamabad, Jhelum, Rawalpindi, Rawat, and Taxila. Items being procured: - Gold jewellery pledged by Soban Malook (22 grams) from Attock - Gold jewellery pledged by Muhammad Qasim (5.24 grams) from Attock - Gold jewellery pledged by Muhammad Ramzan Siddiqui (22.3 grams) from Attock - Gold jewellery pledged by Naeem Abbas (13.8 grams) from Chakwal - Gold jewellery pledged by Muhammad Khan (8.92 grams) from Chakwal - Gold jewellery pledged by Waqas Iqbal (12.8 grams) from Dina - Gold jewellery pledged by Tahira Parveen (2.5 grams) from Gujar Khan - Gold jewellery pledged by Muhammad Mohsin Ali (13.27 grams) from Gujar Khan - Gold jewellery pledged by Saima Bibi (4.73 grams) from Gujar Khan - Gold jewellery pledged by Muhammad Taqi (3.87 grams) from Gujranwala - Gold jewellery pledged by Mehzar Afraz (4.8 grams) from Islamabad - Gold jewellery pledged by Zain Islam (71 grams) from Islamabad - Gold jewellery pledged by Sabiha Bibi (5.82 grams) from Islamabad - Gold jewellery pledged by Muhammad Waqas (1.82 grams) from Islamabad - Gold jewellery pledged by Rasheed Ahmad (43.8 grams) from Islamabad - Gold jewellery pledged by Bushra Nasreen (7 grams) from Jhelum - Gold jewellery pledged by Attiya Batool (3.3 grams) from Jhelum - Gold jewellery pledged by Samar Khalid (17.2 grams) from Rawalpindi - Gold jewellery pledged by Hina Maqsood (8.7 grams) from Rawalpindi - Gold jewellery pledged by Taimoor Sanam (2.05 grams) from Rawat - Gold jewellery pledged by Qaisar Mehmood (46.45 grams) from Taxila This auction involves the sale of pledged gold jewellery items from various customers across Punjab and Islamabad Capital Territory. The bank urges all concerned parties to act promptly to avoid loss of their pledged assets. The auction is a straightforward sale of physical gold items, and bidders should be prepared for immediate payment and collection. Eligibility to participate typically requires registration with the bank or auction authority, and bidders should ensure they understand the terms and conditions of the auction. The auction date varies by item location, with the earliest starting on 10 August 2026 and the latest on 20 August 2026. The key deadline for collection or participation is within seven days of the notice publication, with the auction commencing at 1:00 p.m. on the specified dates. Interested bidders should visit the bank branch or contact the bank for further details. A practical tip for bidders is to verify the authenticity and condition of the jewellery before bidding and to prepare the necessary earnest money or payment instruments in advance to ensure smooth transaction completion.