Notices Closed 30 Jul 2026
Bank of Punjab Public Auction — Mortgaged Properties of M/s Sumaira Flour Mills (Pvt.) Ltd.
Bank of Punjab Public Auction · Lahore; Sheikhupura · Jang,
Notice advertisement published in Jang on Wednesday, 8 July 2026, listed under Lahore; Sheikhupura, Pakistan. Issued by Bank of Punjab Public Auction. The last date printed on the advertisement was Thursday, 30 July 2026 and has passed.
The original image is temporarily unavailable. Use the source link or the details below. Open the full-size clipping Advertisement details
Issuer: The Bank of Punjab, Unit Head − Special Assets Management Division, Head Office, BOP Tower, 10-B, Block E-1, Main Boulevard, Gulberg III, Lahore.
Purpose: Public auction of properties mortgaged against finance facilities availed by M/s Sumaira Flour Mills (Pvt.) Limited and associated customers/guarantors to recover outstanding liabilities (outstanding amount reported as PKR 910,537,534 as on 2025-11-20).
Mortgagors / Defendants (selected): M/s Sumaira Flour Mills (Private) Limited; Rana Muhammad Shahzad; Rana Sheheryar; M/s Ashraf Poly (Private) Limited; M/s S.S. Rice Mills; Ramzan Flour Mills (Pvt.) Limited.
| Property Description | Reserve Price / Forced Sale Value | Date & Place of Auction |
|---|---|---|
| Residential property measuring 32.04 Marlas with covered area 7,068 sq ft, House No. 205, Block B, Phase XII, DHA EME, Lahore. | Rs. 86.197 Million (Valuation by Asif Associates, dated 13-04-2026) | At site — 28-07-2026 at 1:00 PM |
| Residential property measuring 10 Marlas with covered area 2,950 sq ft, House No. 134, Block G, Model Town Cooperative Housing Scheme Limited, Lahore. | Rs. 34.624 Million (Valuation by Asif Associates, dated 13-04-2026) | At site — 29-07-2026 at 1:00 PM |
| Land measuring 59.531 Acres (agricultural land) situated at Hadbast Mouza Babakwal, adjacent to Dera Mian Azher, Tehsil Ferozewala, District Sheikhupura. | Rs. 384.532 Million (Valuation by F.K.S. Surveyors, dated 14-04-2026) | At site — 30-07-2026 at 1:00 PM |
How to participate (key terms): Interested parties must submit a Bank Draft / Pay Order / CDR of Rs. 1,000,000 (One Million) for each respective property in the name of "The Bank of Punjab" along with copy of CNIC and contact number to be eligible to participate in the auction.
Payment schedule for successful bidders: On acceptance of bid, the successful bidder shall deposit minimum 25% of the bid amount within two business days of auction. Remaining amount to be deposited within fifteen days from the date of sale (subject to standard terms). Failure to comply may result in forfeiture of deposited amount and re-initiation of sale proceedings.
Other important terms: The Bank may sell mortgaged property through public auction and apply proceeds towards outstanding liabilities; properties sold on "as is where is" basis; bidders should satisfy themselves about title, measurements and other facts before bidding; Bank reserves the right to accept/reject any bid or annul the auction without assigning reason; other detailed terms and conditions apply as per auction notice.
Contact / Submission address: Unit Head − Special Assets Management Division, The Bank of Punjab, Head Office, 6th Floor, BOP Tower, 10-B, Block E-1, Main Boulevard, Gulberg III, Lahore. Phone numbers shown: 0301-8403593; (042) 35783899, 35783890, 35787300 (extensions and additional numbers listed in the notice).
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.
More notices
Also in Jang · 08 Jul 2026
