Bank of Punjab — Public Auction of Mortgaged Residential Property in Lahore
Bank of Punjab · Lahore · Nawa-i-Waqt,
Notice advertisement published in Nawa-i-Waqt on Thursday, 10 September 2026, listed under Lahore. Issued by Bank of Punjab.
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Issuer: The Bank of Punjab. This is a public auction of a mortgaged property to recover outstanding dues under Section 51 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.
Mortgagor: Mr. Karamat Ali s/o Niaz Ahmed (resident of House No.507, Block‑B‑3, Johar Town, Lahore).
| Key details | Information |
|---|---|
| Outstanding amount determined | PKR 10,940,050.11 |
| Mortgaged property (brief) | Residential property described as House No.97 (approximately 5 marlas as listed in the notice) |
| Purpose | Sale by public auction to recover mortgage dues |
| Auction terms | Terms, conditions, schedule of proclamation and auction, and reserve price are specified in the notice; interested parties must tender bids and deposits as required in the printed terms. |
| Auctioneer / Contact (as listed) | Waseem Aslam Janjua; Mian M. Azhar Saleem (advocate) — contact details are provided in the original notice for bid submission and queries. |
Prospective bidders should consult the full notice or contact the auctioneers/Bank of Punjab branch for the exact auction date, time, venue, deposit requirements and other procedural details before participating.
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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