Notices Closed 28 Jul 2026
Public Auction of Properties Mortgaged to The Bank of Punjab — M/s Sumaira Flour Mills (Pvt.) Ltd
Public Auction of Properties Mortgaged to The Bank of Punjab · Lahore · Jang,
Notice advertisement published in Jang on Wednesday, 8 July 2026, listed under Lahore. The last date printed on the advertisement was Tuesday, 28 July 2026 and has passed.
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Issuer: The Bank of Punjab (Plaintiff), Tricon Center Branch, Lahore. Purpose: Public auction of properties mortgaged in the account of M/s Sumaira Flour Mills (Pvt.) Limited and others to recover outstanding financing.
Mortgagors/Defendants include M/s Sumaira Flour Mills (Pvt.) Limited and associated individuals/companies. Interested bidders are invited to participate in site auctions as per the schedule below. Valuations shown were prepared in April 2026 by listed valuers.
| Property (brief) | Reserve Price / Valuation | Date & Place of Auction |
|---|---|---|
| Residential property measuring 32.04 marlas; covered area approx. 7,068 sq ft; House No. 205, Block B, Phase XII, DHA EME, Lahore. | Rs. 86.197 Million (Valuation dated 13-04-2026 by Arif Associates) | At site on 2026-07-28 at 01:00 PM |
| Residential property measuring 10 marlas; covered area approx. 2,950 sq ft; House No. 134, Block G, Model Town Cooperative Housing Scheme, Lahore. | Rs. 34.624 Million (Valuation dated 13-04-2026 by Asif Associates) | At site on 2026-07-29 at 01:00 PM |
| Agricultural land measuring 59.531 acres at Mouza Babakwal adjacent to Dera Mian Azher, Tehsil Ferozewala, District Sheikhupura. | Rs. 384.532 Million (Valuation dated 14-04-2026 by F.K.S. Surveyors) | At site on 2026-07-30 at 01:00 PM |
Key auction conditions (summary): The highest bidder will be declared successful. The successful bidder must deposit a minimum 25% of the bid amount as required within two business days of acceptance. The balance is to be paid as per the Bank's stated terms; failure to comply may result in forfeiture of deposited amounts and re-auction. Prospective bidders should inspect properties and review full terms and conditions before bidding. The bank reserves the right to accept or reject any bid and to withdraw properties from auction.
Contact & inspection: Unit Head - Special Assets Management Division, The Bank of Punjab, Head Office, 6th Floor, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore. Phone numbers listed: 0301-8403539, 042-35778390, 35783890, 35783701-10 (exts shown).
Published in Jang on Wednesday, 8 July 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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