Public Auction of Mortgaged House in Johar Town, Lahore — Auction on 2025-09-25

Bank of Punjab invites sealed bids / public auction for a mortgaged residential property belonging to Mr. Karamat Ali S/O Niaz Ahmed, located at House No. 507, Block-B-3, Johar Town, Lahore, under Section 15 of the Financial Institutions (Recovery of Finances) Ordinance, 2001.

Important auction terms (summary):

• Reserve price will be announced; bids below reserve will not be accepted.
• Successful bidder must deposit 20% of the bid amount immediately (in cash or pay order) and pay the remaining amount within the stipulated period as per auction terms.
• The Bank reserves the right to accept or reject any bid or adjourn/cancel/postpone the auction without assigning any reason.
• All statutory dues, taxes and liabilities (if any) will be the responsibility of the purchaser as per applicable law.
• Intending bidders should inspect the property and verify all details before bidding.

Contacts / Auction officials:

• Waseem Aslam Janjua — (Unit Head Recovery) Mobile: 0321-6610488
• Mian Azhar Saleem — Advocate High Court, Mobile: 0333-4233808

Interested parties should contact the Bank of Punjab or the listed auction officials for the full terms & conditions, exact auction venue details and documentation requirements before participating.