Karachi, August 1, 2025 — Bank Makramah Limited (BML) has reported a remarkable financial turnaround, posting a pre-tax profit of Rs 1.44 billion and an after-tax profit of Rs 707 million for the half-year ending June 30, 2025 — marking the bank’s first profit in over ten years.
The results were approved during a meeting of the Board of Directors held on August 1. The bank’s earnings show a sharp recovery from a loss of Rs 2.44 billion reported during the same period last year, reflecting an improvement of Rs 3.88 billion year-on-year. Earnings per share (EPS) also turned positive at Rs 0.11, compared to a negative Rs 0.22 in H1 2024.
BML Chairman Mr. Abdulla Nasser Abdulla Hussain Lootah credited the bank’s turnaround to multiple key factors, including improved net mark-up income, record recoveries from legacy non-performing loans, a healthier deposit mix leading to a lower average cost of deposits, and exceptional gains from treasury operations.
“These results reflect the success of BML’s broader turnaround strategy,” Mr. Lootah stated. “It is a testament to the relentless efforts of our team and a signal of our strong confidence in the bank’s future — as well as in Pakistan’s economic recovery.”
Further strengthening its financial position post-June 30, BML successfully completed the sale of a strategic asset for Rs 12 billion and secured a Rs 5 billion capital injection from its sponsor, booked as advance against share capital. These developments come as the bank awaits final approval of its Scheme of Arrangement from the Islamabad High Court, which is expected to further boost its capital base.
President and CEO Mr. Jawad Majid Khan hailed the results as a defining moment in the bank’s history, stating, “With our restructuring nearly complete, we are now well-positioned to deliver sustained profitability and growth.”
The Board of Directors also extended their gratitude to the Sponsor and Chairman for their unwavering support and long-term commitment — crucial factors in the bank’s successful revival.
