Notices Closed 30 Jul 2026
Bank of Punjab Public Auction: Mortgaged Properties in Lahore & Sheikhupura (July 2026)
Bank of Punjab Public Auction · Lahore; Sheikhupura · Jang,
Notice advertisement published in Jang on Wednesday, 8 July 2026, listed under Lahore; Sheikhupura. Issued by Bank of Punjab Public Auction. 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) – Tricon Center Branch, Lahore. Public auction of properties mortgaged by M/s Sumaira Flour Mills (Pvt.) Limited and associated mortgagors to recover outstanding finance facilities. Interested bidders may bid on-site on the dates below.
| Property | Reserve / Forced Sale Value (PKR) & Valuator (date) | Auction Date & Time | Auction Location |
|---|---|---|---|
| Residential property measuring 32.04 marlas with covered area approx. 7,068 sq ft, bearing House No. 205, Block B, Phase XII, DHA (EME), Lahore | Rs. 86.197 million — Asif Associates (13-04-2026) | 2026-07-28 at 1:00 PM | At site (Lahore) |
| Residential property measuring 10 marlas with covered area approx. 2,950 sq ft, bearing House No. 134, Block G, Model Town Cooperative Housing Scheme, Lahore | Rs. 34.624 million — Asif Associates (13-04-2026) | 2026-07-29 at 1:00 PM | At site (Lahore) |
| Land measuring 59.531 acres (agricultural) situated at Hadbast Mouza Babakwal, adjacent to Dera Mian Azhar, Tehsil Ferozewala, District Sheikhupura | Rs. 384.532 million — F.K.S Surveyors (14-04-2026) | 2026-07-30 at 1:00 PM | At site (Sheikhupura) |
Key auction terms (summary):
- Valuation reports by the three valuators can be inspected at the Bank's Head Office (BOP Tower) during office hours.
- Interested parties wishing to participate must submit a Bank Draft/Pay Order/CDR of Rs. 1,000,000 (Rupees One Million) for each respective property in the name of “The Bank of Punjab” along with a copy of CNIC and contact number.
- The highest bidder will be declared the successful bidder. Upon acceptance by the Bank, the successful bidder must deposit a minimum of 25% of the bid amount within two business days of auction; the balance to be deposited within the period specified by the Bank. Failure to comply will lead to forfeiture of deposited amount and re-auction of the property.
- Properties are offered and will be sold on an "as is where is" basis. Prospective bidders must satisfy themselves about title, boundaries, encumbrances, liabilities, taxes and physical condition prior to bidding. All taxes, levies, stamp duty and registration charges will be payable by the successful bidder.
Contact / Submission address:
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: 0301-8403593; (042) 35738939, 35738990, 35783070 (extensions as published).
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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