Notices Closed 07 Jul 2026
Public Auction — Residential House No.124, Block-A, PCSIR Staff Co-op Housing Society, Lahore (13.80 Marla) — Auction 2026-07-07
Public Auction · Lahore · The Nation,
Notice advertisement published in The Nation 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 is offering by public auction the mortgaged residential property to recover outstanding finance secured against Mr. Muhammad Abbas Arif S/O Muhammad Arif. Interested bidders should note the schedule, reserve price, deposit and terms below.
| Mortgagor | Mr. Muhammad Abbas Arif S/O Muhammad Arif |
| Property | House No.124, Block-A, PCSIR Staff Co-Operative Housing Society Ltd., Lahore |
| Area / Size | 13.80 Marla |
| Outstanding mortgage (till 2022-10-24) | PKR 7,501,525.00 |
| Amount paid (till 2022-06-02) | PKR 4,150,000.00 |
| Remaining amount (till 2022-06-02) | PKR 3,351,525.00 |
| Reserve price | PKR 20,760,460/- |
| Schedule |
Proclamation fixed on site: 2026-06-05 Auction date: 2026-07-07 at 02:00 PM Place of auction: At site |
| Key auction terms (summary) | Property offered on "AS IS, WHERE IS" basis. No bid below the reserve price will be accepted. The successful bidder will be required to make immediate deposit as per the bank's auction terms and will be responsible for applicable taxes, charges and dues. Bank reserves the right to accept or reject bids and to withdraw the property from auction. |
| Issuer / Collection Office | Dubai Islamic Bank Limited — Consumer Collection Department, Building No.52, Iqbal Market, Shadman I, Lahore |
| Contact Persons | Mr. Muhammad Ahsan Majeed, Regional Collection Manager, Cell: 0300-8490175 Mr. Abdul Wakil, Manager Legal, Cell: 0300-8836838 |
Interested bidders should visit the site on the proclamation date and attend the auction at the stated time. For full terms, conditions and confirmation of deposit requirements, contact the bank's Consumer Collection Department at the numbers above prior to the auction.
Published in The Nation 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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