Auction of Gold by Mobilink Bank Branch Khustab

Mobilink Bank Branch Khustab gives public notice of an auction of pledged gold following default by a customer who received finance facilities from the bank secured by deposit and pledge of gold. The bank states that the customer has neglected and failed to repay the financed amount together with markup. The bank will auction the pledged gold ornaments if payment is not made within one day of the publication of this notice.

The pledged property is described as gold ornaments with a total weight of 64 grams. The printed particulars include the customer's CNIC number 38201-5486036-1 and the customer's address as Chak No. 57MB, Post Office Khas. The listed items include one locket and two additional gold items as recorded in the bank's entry for the pledged property.

The auction is scheduled for 2026-10-28 at 11:00. The notice gives the branch code as 0015. The notice instructs that if the entire outstanding financed amount along with markup is not paid to Mobilink Bank within one day of publication (publication date 2026-10-24), the bank shall proceed to auction the gold ornaments and that no further public notice will be issued to call upon the customer to make the payments.

This notice is addressed to the named customer and serves as a final public warning prior to disposal of the pledged assets. The bank's printed statement emphasises that the auction will follow non-payment within the stated short period and that the pledged items will be sold by the bank. No bidding procedures, reserve price, venue beyond the branch identification, registration or eligibility requirements for bidders, document fees, bid security, or contact details for auction participation are printed in the notice.

Persons interested in the auction should note the auction date and time given above and the branch identification. The notice records the essential facts needed to identify the pledged gold and the customer responsible for the finance facilities, and it announces the bank's intention to auction the pledged items if the debt is not settled by the deadline stated.