Notices Closed 11 Jun 2026
Public Auction Notice — Mortgaged Property at Gulberg II, Lahore — 11 June 2026
Public Auction Notice · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Friday, 5 June 2026, listed under Lahore. The last date printed on the advertisement was Thursday, 11 June 2026 and has passed.
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Bank of Punjab announces a public auction for a mortgaged property. The reserve price is Rs. 11,359,400 and no bids below the reserve will be accepted. The sale will be held on site on 11 June 2026.
| Item | Details |
|---|---|
| Issuer | Bank of Punjab |
| Property | Mortgaged property (as per mortgage deed and bank records) |
| Reserve Price | Rs. 11,359,400 |
| Date of Fixation of Proclamation on Site | 2026-05-21 |
| Auction Date | 2026-06-11 |
| Time | 02:00 PM |
| Place | At Site |
| Earnest Money (deposit to bid) | Rs. 300,000 in cash or by payment order, plus copy of CNIC (refundable to unsuccessful bidders) |
| Successful Bid Deposit | Minimum 25% of bid amount within 2 business days; remaining amount within 15 days of initial deposit |
| Sale Basis & Conditions | Property sold "as is where is"; no bids below reserve accepted; auctioneer may adjourn proceedings; particulars per mortgage deed and bank is not responsible for errors; successful bidder responsible for transfer/registration duties and any Federal (FBR) taxes |
| Bank Address | Bank of Punjab, 8th Floor, M.M Tower, M.M Allam Road, Gulberg II, Lahore |
| Auctioneers / Contacts | Waseem Aslam Janjua (Unit Head Recovery) — Cell: 0321-6810488 Mian M. Azhar Saleem, Advocate High Court — Cell: 0333-4233808 |
Failure of the successful bidder to pay as required will result in forfeiture of earnest money and re-auctioning; deposited amounts may be applied toward the borrower's liability if payment is not completed.
Published in Nawa-i-Waqt on Friday, 5 June 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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