Notices Closed 30 Jul 2026
Bank of Punjab Public Auction of Properties Mortgaged to M/s Sumaira Flour Mills (Pvt.) Ltd – Lahore & Sheikhupura (Jul 2026)
Bank of Punjab Public Auction of Properties Mortgaged to M/s Sumaira Flour Mills (Pvt.) Ltd – Lahore & Sheikhupura (Jul 2026) · Lahore; Sheikhupura · Jang,
Notice advertisement published in Jang on Wednesday, 8 July 2026, listed under Lahore; Sheikhupura. The last date printed on the advertisement was Thursday, 30 July 2026 and has passed.
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Issuer: The Bank of Punjab (Plaintiff). Purpose: Public auction to recover outstanding dues secured against properties mortgaged by M/s Sumaira Flour Mills (Pvt.) Limited. Interested bidders are invited to participate in on-site auctions of the mortgaged properties on the dates shown below.
| Property Description | Reserve Price / Forced Sale Value | Date & Place of Auction |
|---|---|---|
| Residential property measuring 32.04 Marlas with covered area approx. 7,068 sq.ft., House No. 205, Block B, Phase XII, DHA EME, Lahore. | Rs. 86.197 Million (valuation by Asif Associates dated 13-04-2026) | At site on 2026-07-28 at 1:00 PM |
| Residential property measuring 10 Marlas with covered area approx. 2,950 sq.ft., House No. 134, Block G, Model Town Co-operative Housing Scheme, Lahore. | Rs. 34.624 Million (valuation by Asif Associates dated 13-04-2026) | At site on 2026-07-29 at 1:00 PM |
| Agricultural land measuring 59.531 Acres (Hadbast), Mouza Babakwal, adjacent to Dera Mian Azher, Tehsil Ferozewala, District Sheikhupura. | Rs. 384.532 Million (valuation by F.K.S. Surveyors dated 13-04-2026) | At site on 2026-07-30 at 1:00 PM |
Key participation requirements and terms:
- Inspection: Valuation reports by the three valuators may be inspected at the Head Office (BOP Tower) during office hours; copies available on request.
- Earnest Money / Bid Security: Prospective bidders must submit a bank draft/pay order/CDR of Rs. 1,000,000 (Rupees One Million Only) for each property in favour of The Bank of Punjab, together with copy of CNIC and contact number of the bidder.
- Deposit on Acceptance: The successful bidder shall deposit a minimum 25% of the bid amount within two business days of the auction; the balance to be deposited within the prescribed timeline otherwise the sale may be cancelled and deposited amount forfeited.
- Taxes & Charges: The successful bidder will be liable to pay all applicable taxes, charges and expenses, including stamp duty and registration charges as per law. Bank reserves the right to accept/reject bids and to withdraw properties from auction without assigning any reason.
Property inspection, detailed terms & conditions, and any other instructions are available from:
Unit Head – Special Assets Management Division, The Bank of Punjab, Head Office, 6th Floor, BOP Tower, 10-B, Block E-11, Main Boulevard, Gulberg-III, Lahore. Phone: 0301-8400593; (042) 35783899, 35783890, 35783700 (Exts. shown on notice).
All bidders should review full terms and conditions and required documentation prior to participation.
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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