Notices Closed 07 Jul 2026
Public Auction — Mortgaged House No.124, Block-A, PCSR Staff Co-operative Housing Society, Lahore
Public Auction · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Wednesday, 3 June 2026, listed under Lahore. The last date printed on the advertisement was Tuesday, 7 July 2026 and has passed.
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Dubai Islamic Bank Limited invites sealed bids by public auction to recover outstanding finance against a mortgaged residential property in PCSR Staff Co‑operative Housing Society, Lahore.
| Issuer | Dubai Islamic Bank Limited |
|---|---|
| Mortgagor | Mr. Muhammad Abbas Arif (S/o Muhammad Arif) |
| Property | House No. 124, Block‑A, PCSR Staff Co‑operative Housing Society Ltd., Lahore — 13.80 Marla (residential) |
| Outstanding mortgage amount (till 2022‑10‑24) | Rs. 7,501,525.07 |
| Amount paid (till 2026‑06‑02) | Rs. 4,150,000.00 |
| Remaining amount due | Rs. 3,351,525.07 |
| Liability determined by | M/s Mohsin & Co., Chartered Accountants (report dated 2022‑10‑24) |
Auction schedule
| Fixation of proclamation on site | 2026-06-05 |
|---|---|
| Date of auction (closing / sale) | 2026-07-07 |
| Time | 02:00 PM |
| Place | At site |
Terms (summary)
Reserve price: Rs. 2,076,480. No bid below the reserve price will be accepted. Prospective bidders must follow the auction terms and deposit requirements and participate in person at the auction. The purchaser must comply with the sale conditions and payment schedule announced at the auction.
Contacts
Mr. Muhammad Aashan Majeed — Regional Collection Manager. Cell: 0300-8490175
Mr. Abdul Wakil — Manager Legal. Cell: 0300-800-0892
Interested bidders should attend the auction on the scheduled date and comply with the stated terms and deposit requirements.
Published in Nawa-i-Waqt on Wednesday, 3 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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