Bank Makramah Limited Announces Significant Right Issues

Karachi, Bank Makramah Limited, previously known as Summit Bank Limited, has disclosed plans to issue right shares at a rate of 65%, following a subsequent announcement of an additional right issue at a rate of 11.2443%. The financial institution aims to bolster its capital base through these significant share issuances, according to details provided by the Pakistan Stock Exchange. The move is part of the bank's strategy to enhance its financial robustness and support its growth ambitions in the competitive banking sector of Pakistan.