Public Auction of Mortgaged Residential Property in Lahore — Outstanding Dues PKR 6,765,651
Lahore · The Nation,
Notice advertisement published in The Nation on Thursday, 29 October 2026, listed under Lahore.
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Faysal Bank Limited invites public auction bids for a mortgaged residential property to recover outstanding mortgage dues.
| Issuer | Faysal Bank Limited |
|---|---|
| Mortgagor | Muhammad Ali Shaikh S/o Mian Muhammad Ashiq |
| Outstanding Amount | PKR 6,765,651.11 (Accountant report dated 2024-03-08) |
| Property | Piece and parcel of residential land/property measuring 6-Marla (residential use) |
| Location | Baghbanpura, Lahore |
| Auction Terms (summary) | Successful bidder to deposit a minimum 25% of the bid amount immediately (within 24 hours) and the balance within the stipulated period (typically 15 days). Sale subject to terms and conditions announced at the auction; auction proceeds applied towards outstanding dues. |
| Contact / Through | Mian M. Azhar Saleem, Advocate High Court — Cell: 0333-423-8233 |
Interested parties should contact the issuing advocate or bank for full terms, exact auction date, time and venue, and registration requirements.
Published in The Nation on Thursday, 29 October 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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