Bank Alfalah Limited has announced the successful completion of the sale and transfer of its banking operations in Afghanistan to Ghazanfar Bank, marking the conclusion of its business activities in the country.
In a disclosure submitted to the Pakistan Stock Exchange (PSX) on November 6, 2026, Bank Alfalah confirmed that the transaction was completed on November 5, 2026, following the execution of definitive transaction documents, receipt of necessary regulatory approvals and fulfillment of all conditions precedent.
The transaction follows the bank’s earlier material information disclosures dated January 7, 2026, and December 4, 2025, regarding the proposed sale and transfer of its Afghanistan business operations.
As part of the transaction, the banking business conducted through Bank Alfalah’s branches in Kabul and Herat, along with the associated assets and liabilities, has been transferred to Ghazanfar Bank.
Following the completion, Bank Alfalah has ceased its banking operations in Afghanistan. The bank also confirmed that it will proceed with the closure of its branches in the country in accordance with applicable regulatory requirements.
The completion of this transaction represents a significant development in Bank Alfalah’s regional business structure. With the transfer of its Afghanistan operations, the bank is formally concluding its presence in the Afghan banking market.
Bank Alfalah has requested the Pakistan Stock Exchange to inform holders of its Transferable Rights Entitlement (TRE) Certificates about the development.
The disclosure was signed by Mian Ejaz Ahmad, Company Secretary of Bank Alfalah Limited, and was also copied to the Securities and Exchange Commission of Pakistan (SECP).
The announcement provides confirmation that all required transaction approvals and conditions have been fulfilled and that the transfer of the Afghanistan banking business has been completed.
