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Karachi, Bank Makramah Limited, formerly known as Summit Bank Limited, has announced two separate rights issues. The first issue is set at a rate of 11.2443%, and another, more substantial issue, proposed at 65%. These initiatives are intended to bolster the bank’s capital base. Specific dates and additional details for these rights issues will be communicated to the investors shortly.
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PSX Issues Buy-Back Directive for Three Companies Over Regulatory Non-Compliance
Karachi: The Pakistan Stock Exchange (PSX) has issued a compulsory buy-back directive to the sponsors and majority shareholders of three companies, following their continued failure to comply with specific financial regulations. The companies have bee...
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