Karachi, Bank Makramah Limited, previously known as Summit Bank Limited, has announced a right issue at the rate of 11.2443%. This financial move, disclosed to the Pakistan Stock Exchange (PSE) on February 6, 2024, is aimed at increasing the bank's equity base. The initiative allows existing shareholders to acquire additional shares proportionate to their current holdings, enabling the bank to bolster its capital structure and support its operational and strategic growth objectives.