Notices Closes 05 Nov 2026
BankIslami Public Auction — Mortgaged House in Clifton, Karachi
BankIslami Public Auction · Karachi · The Express Tribune,
Notice advertisement published in The Express Tribune on Wednesday, 21 October 2026, listed under Karachi. Issued by BankIslami Public Auction. The last date printed on the advertisement is Thursday, 5 November 2026.
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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.
| Issuer | BankIslami Pakistan Limited — Special Asset Management Department |
|---|---|
| Auctioneer | Aljaz Shirazi & Company, Advocates & Legal Consultants |
| Property | Residential house (address referenced on Street No. 14, Khayaban-e-Sehar), Clifton, Karachi |
| Outstanding Amount | Rs. 125,723,540 (as stated) |
| Reserve / Force Sale Price | Reserve / Market Value: Rs. 270,000,000; Force Sale Value: Rs. 216,000,000 |
| Auction Date & Time | From 2:00 PM to 3:00 PM on 2026-11-05 (Thursday) |
| Bank Contact / Venue | Special Asset Management Department, 10th Floor, Executive Tower, Dolmen City, Marine Drive, Block-4, Clifton, Karachi. Mobile: +92-330-1280103-07 |
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.
Published in The Express Tribune on Wednesday, 21 October 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, 5 November 2026.
- Which newspaper published this notice?
- The Express Tribune, in the edition of Wednesday, 21 October 2026.
- Which city is this notice listed under?
- Karachi. 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 supplied source link may lead to a newspaper page or image; it is not necessarily an application portal. Applications are not submitted through this page.
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