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Notices Closed 24 Jul 2026

Public Auction Notice — Mortgaged House No.1542, I-16/4 Islamabad (Reserve Rs. 6,375,000)

Public Auction Notice · Islamabad · The News International,

Notice advertisement published in The News International on Sunday, 21 June 2026, listed under Islamabad. The last date printed on the advertisement was Friday, 24 July 2026 and has passed.

Newspaper clipping: Public Auction Notice — Mortgaged House No.1542, I-16/4 Islamabad (Reserve Rs. 6,375,000), The News International, 21 Jun 2026 Open the full-size clipping
Original clipping · The News International · 21 Jun 2026 · tap to zoom

Advertisement details

This is a public auction notice for sale of a mortgaged property to recover outstanding finance secured by Faysal Bank Limited.

MortgageeFaysal Bank Limited
Mortgagor / BorrowerMr. Muhammad Aqeel S/o Muhammad Saddique (Resident of House No. 368, National Police Foundation, Sector O-9, Islamabad)
PropertyHouse No. 1542, land & building with present and future constructions, measuring 300 sq. yds., Sector I-16/4, Islamabad
Liability determined (per report dated 2026-02-23)Outstanding mortgage amount: PKR 4,510,015.84 (amount paid after determination: NIL). Outstanding amount to be recovered plus costs and expenses.
Valuation / ReserveForced Sale Value / Reserve Price: PKR 6,375,000
Auction date & time24-07-2026 at 03:30 PM
Fixation of proclamation on site22-06-2026
Auction venueAt site (I-16/4, Islamabad)

Key auction conditions (summarised):

  • The property will be sold on an "as is, where is" basis.
  • Intending bidders must participate in the public auction and furnish identity (original CNIC) as required.
  • Intending bidders are required to deposit 25% of the Forced Sale Value / Reserve Price by Demand Draft / Pay Order in favour of the Bank (deposit will be adjusted against the bid amount on confirmation of sale).
  • The successful bidder shall pay 25% of the final bid amount immediately (or as specified) and the balance within the period specified by the Bank. The Bank reserves the right to accept or reject any bid.
  • All taxes, dues and charges outstanding or arising on the property shall be payable by the purchaser.
  • Sale is subject to confirmation by the Bank and delivery of the mortgaged property will be made only after full payment.

Report and contacts:

  • Liability determined by: M/s Crowe Hussain Chaudhary & Co., Chartered Accountants (report dated 2026-02-23).
  • Auctioneer / Contact for further information: Mr. Raja Muhammad Irfan, Manager Legal, Faysal Bank Ltd., 7-L Plaza, F-10 Markaz, Islamabad. Cell: 0300-9559812.

Interested parties should attend the auction at the stated date/time and comply with the deposit and identification requirements. All other terms and conditions of sale as announced by the Bank shall apply.

Published in The News International on Sunday, 21 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 Friday, 24 July 2026. That date has passed.
Which newspaper published this notice?
The News International, in the edition of Sunday, 21 June 2026.
Which city is this notice for?
Islamabad — 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.
The News International · 21 Jun 2026
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