Notices Closed 30 Jul 2026
The Bank of Punjab — Public Auction of Mortgaged Properties of M/s Sumaira Flour Mills (Pvt) Limited (Lahore & Sheikhupura)
The Bank of Punjab · Lahore; Sheikhupura · Jang,
Notice advertisement published in Jang on Wednesday, 8 July 2026, listed under Lahore; Sheikhupura. Issued by The Bank of Punjab. The last date printed on the advertisement was Thursday, 30 July 2026 and has passed.
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Issuer: The Bank of Punjab, Tricon Center Branch, Lahore. Purpose: Public auction of properties mortgaged in favor of the Bank by M/s Sumaira Flour Mills (Pvt.) Limited (through its Chief Executive Officer Rana Muhammad Shehzad) and other mortgagors, for recovery of outstanding liabilities under the Financial Institutions (Recovery of Finances) Ordinance, 2001.
Interested parties/bidders must submit a refundable earnest money deposit (EMD) of PKR 1,000,000 (One Million) per property by Bank Draft/Pay Order/CDR in the name of The Bank of Punjab prior to participating. The successful bidder shall deposit a minimum twenty-five percent (25%) of the bid amount within two business days of the auction; the balance shall be paid within fifteen (15) days of the auction. Failure to comply will result in forfeiture/cancellation as per Bank's terms. Valuation reports prepared by three valuers are available for inspection at The Bank of Punjab Head Office, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore during office hours. Copies of valuation reports can be provided on request.
For further details, terms & conditions, and bid submission procedures contact Unit Head - Special Assets Management Division, The Bank of Punjab, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore. Phone: 0301-8403593, (042) 35783899, 35783890, 35783700-10 Ext: 9619-9634.
| Property Description | Reserve / Forced Sale Value (PKR) | Valuator (Report Date) | Auction Date & Time | Auction Place |
|---|---|---|---|---|
| Residential property measuring 32.04 marlas (covered area approx. 7,068 sq.ft.), House No. 205, Block B, Phase XII, DHA (EME), Lahore. | Rs. 86,197,000 | Asif Associates (13-04-2026) | 2026-07-28 at 1:00 PM | At site |
| Residential property measuring 10 marlas (covered area approx. 2,950 sq.ft.), House No. 134, Block G, Model Town Co-operative Housing Scheme, Lahore. | Rs. 34,624,000 | Asif Associates (13-04-2026) | 2026-07-29 at 1:00 PM | At site |
| Agricultural land measuring 59.531 acres situated at Hadbast Mouza Babakwal, adjacent to Deria Main Azher, Tehsil Ferozewala, District Sheikhupura. | Rs. 384,532,000 | F.K.S Surveyors (14-04-2026) | 2026-07-30 at 1:00 PM | At site |
Key actions for bidders:
- Inspect valuation reports at BOP Head Office, Gulberg, Lahore during office hours.
- Deposit PKR 1,000,000 per property as EMD by Bank Draft/Pay Order/CDR in favor of The Bank of Punjab.
- Successful bidder to pay 25% of bid within two business days; remaining balance within 15 days.
- All sales are subject to the Bank's terms & conditions, statutory dues, and verification of title; properties sold on "as is where is" basis.
- Contact Unit Head - Special Assets Management Division, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-III, Lahore for full terms, bidding procedure and clarifications. Phones: 0301-8403593, (042) 35783899, 35783890, 35783700-10 Ext: 9619-9634.
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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