KARACHI, January 30, 2025: Bank Makramah Limited (BML) has achieved two major milestones, strengthening its financial position and regulatory compliance.
The court has approved a Rs10 billion settlement application filed by BML and Omni Group, allowing the bank to recover outstanding loans from various Omni Group companies. This decree reinforces BML’s right to reclaim the amount under the agreed terms.
In another major development, BML has filed a scheme of arrangement for restructuring with the Islamabad High Court, seeking a merger with Global Haly Development Limited (GHDL). This move aims to align BML with the State Bank of Pakistan’s regulatory capital requirements and enhance its financial standing.
With the merger, BML’s net assets will increase by approximately Rs27 billion, coupled with the Rs10 billion loan recovery, making it a stronger and more resilient financial institution. These achievements reinforce BML’s commitment to sustainable growth, risk management, and long-term financial stability.