Bank Makramah Limited (BML) is advancing its recapitalisation efforts, highlighted by a recent PKR 5 billion deposit from His Excellency Nasser Abdulla Hussain Lootah. This follows his previous PKR 10 billion injection in 2023, bringing his total commitment to PKR 41 billion, supported by the proposed merger of Global Haly Development Limited into BML.

Additionally, BML’s Board has approved the sale of Cullinan Tower in Clifton for PKR 12 billion, enhancing liquidity and capital gains. The Bank is also nearing the recovery of over PKR 13 billion in legacy non-performing loans, which is positively impacting its profitability and capital base.

These initiatives are expected to increase BML’s net assets by approximately PKR 50 billion, reinforcing its commitment to better serving customers and contributing to Pakistan’s banking sector.