Sale or Auction of Pledged Gold Jewellery by BankIslami Pakistan Limited

BankIslami Pakistan Limited has issued a public notice concerning gold jewellery pledged by customers against financing. The customers concerned are required to contact their respective branches and settle all outstanding amounts, including principal and other payable charges, within 15 days, by 5:30 p.m. The repayment deadline calculated from the publication date is 28 November 2026 at 5:30 p.m.

If the outstanding amounts are not paid within this period, the bank will proceed with the sale or auction of the pledged gold jewellery under the relevant financing agreement, applicable Prudential Regulations (PPG), and prevailing laws. The customers concerned will be responsible for the expenses and charges associated with the sale or auction. The notice also states that the bank will not issue any further individual or public notice for recovery of these outstanding amounts.

The notice covers the pledged jewellery associated with the following 11 customer accounts. The amounts below are the outstanding balances as of 10 November 2026.

The first account is at Baldia Town, Karachi, branch code 1179, with an outstanding balance of Rs. 96,159. The second account is at Satellite Town, Gujranwala, branch code 2197, with an outstanding balance of Rs. 302,262.

The third, fourth and fifth accounts are at Hayatabad Branch, Peshawar, branch code 3068. Their respective outstanding balances are Rs. 364,747, Rs. 460,110 and Rs. 476,079.

The sixth account is at Izmir Town Branch, Lahore, branch code 2163, with an outstanding balance of Rs. 173,988.

The seventh, eighth and ninth accounts are at Gulberg Branch, Lahore, branch code 2053. Their respective outstanding balances are Rs. 318,508, Rs. 221,080 and Rs. 108,830.

The tenth account is at Expo Centre, Lahore, branch code 2072, with an outstanding balance of Rs. 53,322. The eleventh account is at Hayatabad Branch, Peshawar, branch code 3068, with an outstanding balance of Rs. 477,796.

Customers should approach the branch holding their pledged jewellery to arrange payment within the stated period. BankIslami Pakistan Limited can be contacted on (021) 111-ISLAMI (111-475264). Its website is www.bankislami.com.pk.