Bank Makramah Limited (BML) is rapidly advancing its recapitalization strategy with a series of powerful moves aimed at strengthening its financial standing and growth prospects. The latest injection of PKR 5 billion by His Excellency Nasser Abdulla Hussain Lootah, BML’s key Sponsor, marks a significant milestone. This new deposit will be recorded as an advance against share subscription, pending regulatory approval, and follows a previous capital injection of PKR 10 billion in 2023.
These investments are part of a broader recapitalization package totaling PKR 41 billion, which includes the proposed merger of Global Haly Development Limited — another company owned by the Sponsor — into BML. The bank has publicly expressed its deep gratitude for the Sponsor’s continued trust and commitment to both BML and the future of Pakistan’s banking industry.
In a parallel move, BML’s Board has approved the sale of the prestigious Cullinan Tower in Clifton, Karachi, for PKR 12 billion. The deal not only brings substantial liquidity but also delivers significant capital gains, aligning perfectly with the Bank’s long-term strategy.
The Bank is also on track to recover more than PKR 13 billion in legacy non-performing loans — a development expected to further elevate its profitability and capital base. With these transformative actions, BML anticipates a net asset increase of around PKR 50 billion, positioning it for a stronger role in Pakistan’s financial ecosystem and enhanced service delivery for its customers.
