Business
Pakistan’s Bank Alfalah moves forward with exit from Afghanistan
Bank Alfalah Limited (BAFL), one of Pakistan’s largest commercial banks, has advanced its planned exit from Afghanistan following regulatory approvals from both the State Bank of Pakistan (SBP) and Da Afghanistan Bank (DAB), allowing Ghazanfar Bank to begin due diligence on the acquisition.
The bank informed the Pakistan Stock Exchange (PSX) of the development on Tuesday, Pakistan’s Business Recorder reported.
In the notice, BAFL referred to its earlier letter dated December 4, 2025, regarding the non-binding offer received from Ghazanfar Bank, Afghanistan, to acquire BAFL’s operations in the country.
The SBP has granted its in-principle approval for Ghazanfar Bank to start due diligence, and the Central Bank of Afghanistan has provided a similar clearance. As a result, BAFL will permit Ghazanfar Bank to proceed with the process.