Notices Closed 01 Sep 2026
Public Auction – Mortgaged Properties of M/s Sumaira Flour Mills (Pvt.) Ltd. by The Bank of Punjab
Public Auction – Mortgaged Properties of M/s Sumaira Flour Mills (Pvt.) Ltd. by The Bank of Punjab · Quetta · Jang,
Notice advertisement published in Jang on Saturday, 8 August 2026, listed under Quetta. The last date printed on the advertisement was Tuesday, 1 September 2026 and has passed.
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Issuer: The Bank of Punjab (Head Office, Lahore) invites sealed-bid public auction of properties mortgaged in the account of M/s Sumaira Flour Mills (Pvt.) Limited to recover outstanding facilities. Inspections and valuation reports are available at the Bank's Head Office. Interested parties/attendees must follow the Bank's auction terms and deposit requirements listed below.
Key auction details and properties:
| Property | Reserve / Forced Sale Value (Valuation Date) | Auction Date & Time (Place) |
|---|---|---|
| Residential property measuring 32.04 marlas, covered area 7,608 sq.ft., bearing House No. 205, Block B. | Rs. 86.197 million (Valuer: Asif Associates; 13.04.2026) | 2026-09-01 at 1:00 PM — At site |
| Residential property measuring 10 marlas (covered area approx. 2,950 sq.ft.), bearing House No. 134, Block G, Model Town Cooperative Housing Scheme, Lahore. | Rs. 34.624 million (Valuer: Asif Associates; 13.04.2026) | 2026-09-02 at 1:00 PM — At site |
| Agricultural land measuring 59.531 acres situated at Hadbast Mouza Babakwal, adjacent to Dera Mian Azher, Tehsil Ferozewala, District Sheikhupura. | Rs. 384.532 million (Valuer: E.K.S. Surveyors; 14.04.2026) | 2026-09-03 at 1:00 PM — At site |
Important terms (summary):
- Successful bidder must deposit a minimum 25% of the bid amount within two business days of the auction; remainder to be paid within 15 days of intimation.
- Payment mode: Bank Draft / Pay Order / CDR in the name of 'The Bank of Punjab' along with copy of CNIC and contact details.
- Failure to deposit as required may lead to forfeiture of deposit and re-sale of property.
- Valuation reports by the valuers can be inspected at the Bank's Head Office (BOP Tower, 10-B Block E-II, Main Boulevard, Gulberg-III, Lahore) during office hours.
- Other auction terms & conditions, taxes, fees, and liabilities apply as per the Bank's published conditions; prospective bidders should consult the Bank for full terms prior to bidding.
Contact / Further information: The Bank of Punjab, Unit Head – Special Assets Management Division, Head Office, Lahore. (Contact numbers provided by the Bank in the notice.)
Published in Jang on Saturday, 8 August 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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