Bank Makramah Limited (BML) is charting a decisive course toward long-term financial resilience through a series of substantial capital initiatives and strategic transactions. These measures are expected to elevate the bank’s net assets by approximately PKR 50 billion, reinforcing its role as a robust player in Pakistan’s banking ecosystem.
At the heart of this ambitious recapitalization plan is the unwavering support of BML’s sponsor, His Excellency Nasser Abdulla Hussain Lootah. In a significant move this year, Lootah has provided an additional PKR 5 billion, recorded as an advance against share subscription pending necessary regulatory clearances. This latest infusion comes on the heels of his earlier PKR 10 billion capital injection in 2023, reflecting a deep and sustained commitment to strengthening BML’s financial base.
Further underlining this strategic backing, the proposed merger of Global Haly Development Limited — a company owned by Lootah — into BML is set to consolidate assets and bring the total sponsor commitment to an impressive PKR 41 billion. The bank’s leadership has publicly acknowledged the sponsor’s consistent vision and dedication to Pakistan’s banking sector, crediting these efforts for providing the foundation needed to advance BML’s transformation.
In a parallel move aimed at reinforcing liquidity and capital strength, BML’s Board of Directors has approved the sale of Cullinan Tower, a prime commercial asset located in Clifton, Karachi. The transaction has been locked in with a confirmed offer of PKR 12 billion. This landmark deal is expected to not only inject significant liquidity into the bank but also deliver notable capital gains, fortifying BML’s balance sheet and providing additional resources to pursue growth-focused initiatives.
Complementing these capital measures, BML is also nearing the resolution of its longstanding portfolio of non-performing loans. The bank anticipates recovering more than PKR 13 billion from legacy accounts in the near term. This recovery is poised to deliver a direct boost to profitability while materially enhancing the bank’s capital adequacy position.
Taken together, these multifaceted initiatives are expected to propel BML’s net assets upward by approximately PKR 50 billion. This strengthened financial footing will allow the bank to deepen its service offerings, invest in modern banking solutions, and support broader economic activity across Pakistan.
The recapitalization strategy comes at a time when the country’s banking sector is under increasing pressure to innovate and build resilience amid evolving market dynamics. By aligning significant sponsor support, strategic asset optimization, and a sharp focus on operational recovery, BML is positioning itself to navigate future challenges with confidence.
As the bank advances on this path, it signals more than just balance sheet growth. It reflects a broader narrative of renewal and strategic foresight in Pakistan’s financial sector — demonstrating how targeted sponsor commitments, coupled with sound governance and asset management, can transform institutional prospects and contribute positively to the country’s economic framework.