Tender Details
Description / Scope of Work
Mobilink Bank Limited, Basirpur Branch (Branch Code 2014) hereby publishes notice of auction of gold ornaments pledged as security against finance facilities. The customer Naseer Ahmad, CNIC 35301-8883005-7, resident of Shamad, Post Office Basirpur in Punjab, has neglected and failed to repay the financed amount along with markup accrued thereon. The gold security consists of 4.5 grams comprising 2 kantay (traditional gold ornaments). The auction is scheduled for 28 October 2026 at 01:00 PM at the Basirpur branch location.
For Bidders: Our Analysis PAKISTANTENDER INSIGHT
Independent analysis by PakistanTender, written with AI from the official notice and checked by our quality rules — not part of the official notice. Always confirm details against the original tender document.
This is a forced auction of gold pledged against a personal finance facility.
The collateral is minimal in weight (4.5g), suggesting a small-value personal loan default. Bidders should note the auction occurs immediately following publication with only one day notice period allowed for customer redemption before irreversible sale. This is a one-time disposal event specific to this customer's default case.
Who can bid: The auction is open to the public; no specific bidder registration or licensing requirements are stated in the notice. Typically, gold auction participation requires valid CNIC/passport identification and capacity to remit payment on sale completion.