Notices Closed 07 Jul 2026
Public Auction — 4 Kanal Residential House, Ravi Block Green Forts II, Lahore (07-07-2026)
Public Auction · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Thursday, 18 June 2026, listed under Lahore. The last date printed on the advertisement was Tuesday, 7 July 2026 and has passed.
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Dubai Islamic Bank (Pakistan) Limited is conducting a public auction under Section 15 of the Financial Institutions (Recovery of Finance) Ordinance, 2001 to recover outstanding mortgage finance. The auctioned property is a residential land & building owned by Mr. Daniyal Arif S/O Muhammad Arif Sheikh, mortgagor. The outstanding amount as of 2026-01-31 is PKR 209,817,931.73 and the bank has fixed a reserved price for the property.
| Issuer | Dubai Islamic Bank (Pakistan) Limited — SAM Department, 70-Z, DHA Phase-3, Lahore |
|---|---|
| Mortgagor(s) | Mr. Daniyal Arif S/O Muhammad Arif Sheikh (also M/s Artema Medical referenced) |
| Outstanding Amount (till 2026-01-31) | PKR 209,817,931.73 |
| Property | Residential property (land & building), House No. 109; measuring 4 Kanals & 11 Sq. ft; located at Ravi Block, Green Forts 2, Farm Housing Scheme, Lahore |
| Reserved Price | PKR 126,743,670/- |
| Auction Date & Time | 2026-07-07 at 11:30 AM |
| Place of Auction | SAM Department, Dubai Islamic Bank, 70-Z, DHA Phase-3, Lahore |
| Participation Deposit | PKR 500,000 (Rupees Five Lac Only) payable in cash or pay-order in favour of Auctioneer/Bank before participating |
| Bid Security & Payment | Successful bidder must deposit at least 25% of bid amount within two business days of auction; remaining balance to be paid within 15 days (terms apply) |
| Sale Condition | Property is sold "As is, Where is". Bank reserves the right to accept/reject/adjourn or re-schedule the auction. All applicable taxes, transfer fees, and dues to be borne by purchaser as per terms. |
| Contacts / Auctioneer | Mr. Fawaz Ghafoor (Regional Head SAM): 0300-4268665; Mr. Javed Shahzad (AVP SAM): 0333-4466807. Auctioneer: Dubai Islamic Bank (Pakistan) Limited, SAM Department, 70-Z, DHA Phase-III, Lahore. |
Interested bidders should visit the SAM Department at the stated address for inspection, obtain the full terms & conditions, and submit the required participation deposit before the auction. The bank's decision and the auction terms will govern the sale.
Published in Nawa-i-Waqt on Thursday, 18 June 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
Questions about this notice
- What is the last date for this notice?
- The advertisement prints Tuesday, 7 July 2026. That date has passed.
- Which newspaper published this notice?
- Nawa-i-Waqt, in the edition of Thursday, 18 June 2026.
- Which city is this notice for?
- Lahore — the location listed for this advertisement.
- How do I respond to this notice?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
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