One of Pakistan’s major commercial banks, Bank Alfalah Limited (BAFL), has taken another step toward the proposed sale of its banking operations in Afghanistan.
According to sources, the State Bank of Pakistan and the Central Bank of Afghanistan have granted regulatory approvals, after which Ghazanfar Bank has been allowed to initiate the due diligence process. Sources further stated that the listed bank informed the stock exchange of this development through a notice issued yesterday (Tuesday).
The bank said that it refers to its letter dated December 4, 2025, in which the stock exchange was informed about the non-binding offer received by Bank Alfalah Limited from Ghazanfar Bank, Afghanistan, for the acquisition of Bank Alfalah’s operations and business in Afghanistan.
According to the notice, in this regard, the State Bank of Pakistan has granted in-principle approval or clearance to the prospective buyer, Ghazanfar Bank, to commence due diligence of Bank Alfalah’s operations in Afghanistan. In addition, the Central Bank of Afghanistan has also approved Ghazanfar Bank to begin the due diligence process.
According to sources, the notice stated that accordingly, Bank Alfalah will now allow Ghazanfar Bank to proceed with the due diligence process.