Recovery of Gold Items from Defaulters by Credit Department

The Credit Department of Paper Bank Limited Lahore is undertaking the recovery of gold items pledged by defaulters who have failed to repay their loans. This procurement involves the collection and management of various gold assets held as security against outstanding loans. The department invites interested parties to participate in this recovery process in Lahore. Items being procured: - 1 Haar 2 Rings (8.15 tola) - 1 Mala 1 Ring Nagh (8.4 tola) - 3 Rings 2 Kante 1 broken 1 Locket (6.62 tola) - 2 Choorian (9.2 tola) - 1 Locket Chain (12.8 tola) - 1 Ring 2 Baliyan (2.35 tola) - 1 Chain 2 Earrings 3 Rings (8 tola) - 1 Haar 2 Earrings (18.65 tola) - 1 Chain 6 Tops 1 Ring (8.45 tola) - 2 Kanthi with moti (2.9 tola) - 1 Necklace 2 Jhumkiyan 1 Ring (12 tola) - 3 Rings 1 Chain 2 Tops (8.8 tola) - 2 Earrings 1 Locket (4.8 tola) - 4 Earrings 3 Rings (7 tola) - 2 Bangles (11 tola) - 1 Ring (2 tola) The scope includes verification, collection, and proper documentation of gold items pledged by various defaulters across multiple locations in Rawalpindi and Lahore districts. The items are detailed with weights and types, requiring careful handling and accurate record-keeping. This process is critical to recover dues and manage the bank's credit risk. Eligible bidders should have relevant experience in handling secured asset recovery, proper registration with FBR and ATL, and must comply with any PEC category requirements if applicable. Earnest Money and CDR submission will be required as per bank rules. The technical and financial bids must be prepared carefully to meet the bank's criteria. The submission deadline is strictly by 23:59:59 on the closing date. Bidders should submit their documents to the Credit Department office at Paper Bank Limited, 159-B/M, Quaid-e-Azam Industrial Area, Badar Chowk, Kot Lakhpat, Lahore. For inquiries, contact 021-111-003-737. A practical tip for bidders: Ensure all pledged gold items are thoroughly inspected and documented in your technical bid to avoid disqualification. Properly prepare your Earnest Money and CDR to meet the bank's requirements, as incomplete submissions are often rejected.