Notices Closed 25 Sep 2015
Public Auction — Mortgaged House No.507, Block B-3, Johar Town, Lahore (The Bank of Punjab)
Public Auction · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Thursday, 10 September 2026, listed under Lahore. The last date printed on the advertisement was Friday, 25 September 2015 and has passed.
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Issuer: The Bank of Punjab. Purpose: Public auction of mortgaged property to recover outstanding mortgage dues under Section 51 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.
| Mortgagor / Defaulter | Mr. Karamat Ali S/o Niaz Ahmed |
| Property | House No. 507, Block B-3, Johar Town, Lahore |
| Outstanding mortgage amount (till June) | PKR 10,940,050.11 |
| Liability determination | Determined in PKR by M/s Fazal Mahmood & Co., Chartered Accountants (report dated 25-08-2015) |
| Auction date | 2015-09-25 |
| Time | 02:00 PM |
| Place of auction | The Bank of Punjab, 8th Floor, M.M. Tower, M.M. Allam Road, Gulberg-I, Lahore |
| Auctioneers / Contacts | Waseem Aslam Janjua — Cell: 0321-6610488; Mian M. Azhar Saleem (Advocate High Court) — Cell: 0333-4233808 |
Important notes: Interested bidders should attend the public auction on the specified date and time at the stated venue. The auction is being conducted to recover secured dues of The Bank of Punjab. Specific terms and conditions (reserve price, deposit/bid requirements, and other conditions of sale) are set by the bank and will apply — contact the listed auctioneers or the bank branch for full terms, documentation requirements, and to confirm details before attending.
Published in Nawa-i-Waqt on Thursday, 10 September 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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