Notices Closed 07 Jul 2026
Public Auction — 4 Kanal Residential Property at Ravi Block, Green Forts 2, Lahore (Dubai Islamic Bank)
Public Auction · Lahore · The News International,
Notice advertisement published in The News International on Thursday, 18 June 2026, listed under Lahore. The last date printed on the advertisement was Tuesday, 7 July 2026 and has passed.
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Issuer: Dubai Islamic Bank (Pakistan) Limited. Purpose: Public auction to recover outstanding mortgage finance secured against the property listed below.
| Item | Details |
|---|---|
| Mortgagors | Artema Medical (through authorized officers/partners) and Mr. Daniyal Arif S/o Muhammad Arif Sheikh |
| Mortgaged Property | Residential land & building, House No. 109, Ravi Block, Green Forts 2, Farm Housing Scheme, Lahore |
| Size | 4 Kanals & 11 Sq. Ft. |
| Outstanding Mortgage Amount (till 2026-01-31) | PKR 209,817,931.73 |
| Liability Certificate | Prepared by M/s. Fazal Mahmood & Company (Chartered Accountants), dated 2026-02-06 |
| Reserve Price | PKR 126,743,670/- |
Auction Schedule & Participation Requirements
| Field | Information |
|---|---|
| Date & Time of Auction | 2026-07-07 at 11:30 AM |
| Place of Auction | SAM Department, Dubai Islamic Bank, 70-Z, DHA Phase-3, Lahore |
| Earnest Money (non-refundable) | PKR 500,000 (to be deposited by each participant; copy of CNIC/passport required) |
| Payment Terms for Successful Bidder | 25% of bid amount to be deposited immediately on fall of hammer (less earnest money); remaining amount within 15 days of auction |
| Right Reserved | Bank reserves the right to accept or reject any bid and to withdraw property from auction |
| Contacts | Mr. Fawaz Ghafoor (Regional Head SAM) — 0300-4268665; Mr. Javed Shahzad (AVP SAM) — 0333-4466807 |
Interested bidders should attend the auction with required earnest money and original identification for verification. All applicable costs, cost of funds and other charges as per the liability certificate will be payable by the successful bidder.
Published in The News International on Thursday, 18 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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