Bank Makramah Completes Rs. 12 Billion Sale Of Cullinan Tower

Bank Makramah Limited has completed the sale of its remaining stake in Cullinan Tower, formerly known as Summit Tower, in Karachi for a total consideration of Rs.

Key points

• The disclosure was created under Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book.
• Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
• Senate Panel Tells Govt To Halt IMF Backed Phaseout of Economic Zones.
• Add as a preferredSource on Google Follow on Google News Join WhatsApp.
• Obtain the latest business news, market insights, and economic updates wherever you prefer.

According to a material information disclosure submitted to the Pakistan Stock Exchange on September 2, Bank Makramah remarked the transaction involved the remaining sale consideration related to the Cullinan Tower property, located at Plot No. G 2, Block 2, Scheme 5, Clifton, Karachi.

In practice, the bank remarked it had received the total sale consideration of Rs. 12 billion, confirming that the transaction had been successfully concluded.

In practice, the disclosure was created under Section 96 of the Securities Act, 2015 and Clause 5.6.1(a) of the PSX Rule Book. It follows the bank's earlier disclosure on August 1, 2025 regarding the sale of the property.

In practice, the completion of the transaction provides Bank Makramah with Rs. 12 billion in proceeds from the property sale as the bank continues efforts to strengthen its financial position. Stay Connected with ProPakistani.

Obtain the latest business news, market insights, and economic updates wherever you prefer. Follow on Google Discover.

Taken together, the developments around bank Makramah Completes Rs. 12 Billion Sale Of Cullinan Tower point to a situation that is still moving, and the coming days should bring more clarity.