Bank Makramah, OMNI group's settlement application accepted by Court

MG News | January 30, 2025 at 11:45 AM GMT+05:00

0:00

January 30, 2025 (MLN): Bank Makramah Limited (PSX: BML), along with OMNI group, submitted a settlement application that has now been accepted by the Court.

The application concerns the recovery of non-performing loans (NPLs) owed by various companies within the Omni Group and its affiliated entities, the company's filing on PSX revealed today.

The Court has issued a decree in favor of the Bank, confirming its right to recover approximately Rs10 billion.

This amount will now be recoverable according to the terms of the settlement that have been agreed upon.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	169,911.95 405.31M	0.83% 1392.01
ALLSHR	101,374.61 947.58M	1.04% 1046.92
KSE30	51,473.16 179.83M	1.09% 554.79
KMI30	246,056.32 173.35M	0.99% 2408.81
KMIALLSHR	66,195.48 466.66M	0.98% 640.12
BKTi	46,597.07 53.39M	0.51% 235.53
OGTi	35,201.74 24.03M	2.40% 825.30

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	74,590.00	75,580.00 74,445.00	-585.00 -0.78%
BRENT CRUDE	96.37	96.85 94.43	1.44 1.52%
RICHARDS BAY COAL MONTHLY	103.25	0.00 0.00	0.15 0.15%
ROTTERDAM COAL MONTHLY	103.50	0.00 0.00	0.35 0.34%
USD RBD PALM OLEIN	1,175.00	1,175.00 1,175.00	0.00 0.00%
CRUDE OIL - WTI	92.39	93.00 90.52	1.10 1.21%
SUGAR #11 WORLD	13.61	13.68 13.55	0.10 0.74%