KARACHI: The Board of Directors of Habib Metropolitan Bank Limited has approved an increase in the authorized and paid-up capital of two wholly owned subsidiaries.
In a disclosure to the stock exmodify on Friday, the bank stated that the capital of HabibMetro Exmodify Services Limited will be raised from Rs1 billion to Rs1.5 billion. The increase was approved at a board meeting held on February 12, 2026.
“The Board of Directors of Habib Metropolitan Bank Limited, in its meeting held on February 12, 2026, approved an enhancement in the authorized and paid-up capital of its wholly owned (100%) subsidiary, HabibMetro Exmodify Services Limited, from the existing Rs. 1,000,000,000/- (Rupees One Billion) to Rs. 1,500,000,000/- (Rupees One Billion Five Hundred Million), to ensure smooth operations,” read the Habib Metropolitan Bank’s notice sent to the local bourse.
The board also approved an increase in the capital of Habib Metropolitan Financial Services Limited from Rs300 million to Rs500 million.
The bank stated the enhancements are intconcludeed to ensure smooth operations of both subsidiaries. The capital increases will be subject to relevant regulatory approvals.
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