Notices Closed 25 Sep 2025
Public Auction of Mortgaged House in Johar Town, Lahore — Auction on 2025-09-25
Public Auction of Mortgaged House in Johar Town, Lahore · 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 Thursday, 25 September 2025 and has passed.
The original image is temporarily unavailable. Use the source link or the details below. Open the full-size clipping Advertisement details
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.
| Issuer | Bank of Punjab |
|---|---|
| Mortgagor / Owner | Mr. Karamat Ali S/O Niaz Ahmed |
| Property | House No. 507, Block-B-3, Johar Town, Lahore |
| Outstanding amount (as of 2025-06-11) | Rs. 10,940,050.11 |
| Reserve price | Rs. 11,064,240/- |
| Schedule |
Fixation of proclamation of sale: 2025-09-08 Auction date: 2025-09-25 Time: 11:30 AM |
| Location (city / district) | Johar Town, Lahore |
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.
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.
Questions about this notice
- What is the last date for this notice?
- The advertisement prints Thursday, 25 September 2025. That date has passed.
- Which newspaper published this notice?
- Nawa-i-Waqt, in the edition of Thursday, 10 September 2026.
- Which city is this notice listed under?
- Lahore. That is the city recorded for this advertisement — taken from the notice where it names a place, and otherwise from the newspaper edition it appeared in.
- How do I respond to this notice?
- Follow the instructions printed in the clipping; the advertiser’s own page is linked from this one. Applications are not submitted through this page.
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