Bank Makramah Court Approval Boosts Capital Compliance
Bank Makramah Limited has secured court approval for its new restructuring plan. The Islamabad High Court cleared the scheme, which supports the bank’s push for stronger capital. As a result, Bank Makramah approval marks a key milestone in its journey toward full compliance.
The bank shared this update in a notice to the Pakistan Stock Exchange. It explained that the court reviewed the scheme under the relevant sections of the Companies Act. The approval allows the bank to move forward without delay. In addition, the plan strengthens its standing with the State Bank of Pakistan.
The bank also confirmed that it will now meet the minimum capital requirement set by the central bank. This step brings more stability to its operations. Therefore, the development signals a positive turn for the institution.
What the Plan Includes
The approved plan includes several important changes. For example, the bank will issue fully paid ordinary shares to Global Halt Development Limited shareholders. These shares will be part of the broader restructuring move. The shift aims to create a more balanced and transparent structure.
The bank will also reduce its existing share capital. It will do this by canceling the part of the capital that is not backed by available assets. This adjustment helps clean up the balance sheet. As a result, the bank can move ahead with a clearer financial base.
After completing these changes, the bank’s issued and paid up capital will stand at Rs10 billion. It will be divided into one billion ordinary shares. Each share will carry a face value of Rs10. The structure will take effect on the date listed in the court approved scheme.
The bank will also announce its book-closure schedule later. It plans to do this after consulting with the stock exchange. This step ensures a smooth transition for shareholders and other stakeholders.
On the financial side, the bank has shown clear progress. It reported a profit before tax of Rs1.75 billion for the first nine months of 2025. This is a major improvement from its loss during the same period last year. The turnaround highlights stronger performance and better management.
