BankIslami Public Auction — Mortgaged House in Clifton, Karachi

BankIslami announces a public auction of a mortgaged residential property located in Clifton, Karachi. The sale will be conducted under the Financial Institutions (Recovery of Finances) Ordinance, 2001 on an "as is where is" basis. The bank and its auctioneer invite interested bidders to participate under the terms below.

Key terms:

- Participants must submit earnest/security in the shape of a pay order in favour of BankIslami Pakistan Limited as required by the bank.

- The successful bidder shall deposit 25% of the bid amount within the days specified at the auction and the remaining 75% within the prescribed further period; failure to pay will result in forfeiture of deposits.

- The property is offered on an "as is where is" basis; sale is subject to confirmation by the competent authority of the bank.

- The bank reserves the right to purchase the mortgaged property by bidding up to ten percent above the highest auction bid. The successful purchaser will be responsible for registration charges and applicable taxes and expenses of sale.

For further details and participation requirements contact the Special Asset Management Department at the Bank's head office address above or the listed mobile number.