Notices Closed 11 Jun 2026
Public Auction of Mortgaged Property by The Bank of Punjab — Auction on 2026-06-11 in Lahore
Public Auction of Mortgaged Property by The Bank of Punjab · 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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Issuer: The Bank of Punjab, 8th Floor, M.M Tower, M.M Allam Road, Gulberg II, Lahore.
Purpose: Public auction of a mortgaged property (sold on an "as is where is" basis).
| Auction Schedule | Details |
|---|---|
| Date of Fixation of Proclamation on Site | 2026-05-21 |
| Date of Auction | 2026-06-11 |
| Time | 02:00 PM |
| Place | At Site |
Key conditions:
| Item | Detail |
|---|---|
| Reserve price | Rs. 11,359,400/- (no bid below reserve will be accepted) |
| Earnest money to bid | Rs. 300,000/- (cash or payment order) along with CNIC copy — refunded to unsuccessful bidders |
| Payment by successful bidder | Minimum 25% of bid within 2 business days of auction; remaining amount within 15 days of initial deposit |
| Failure to pay | Earnest money forfeited; deposited amount treated as reduction of borrower liability and property re-auctioned |
| Sale condition | Property sold on "as is where is" basis; bank not responsible for any document errors |
| Transfer costs | Successful bidder responsible for all transfer/registration duties and applicable federal/FBR taxes |
Contacts / Auctioneers:
Waseem Aslam Janjua — Cell: 0321-6810488
Mian M. Azhar Saleem (Unit Head Recovery / Advocate High Court) — Cell: 0333-4233808
Interested bidders should attend the on-site auction on the specified date and time with the required earnest money and CNIC copy.
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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