Karachi: Bank Alfalah Limited has announced the successful completion of its transaction involving the sale and transfer of its Afghanistan business operations to Ghazanfar Bank, Afghanistan. According to a disclosure of material information report dated November 6, 2026, the transaction was finalized on November 5, 2026.

This transaction marks the end of Bank Alfalah's operations in Afghanistan, as the bank has transferred its business carried out at the Kabul and Herat branches, along with associated assets and liabilities, to Ghazanfar Bank. The conclusion of the transaction follows the execution of definitive transaction documents and the receipt of necessary approvals from the State Bank of Pakistan and Da Afghanistan Bank.

Bank Alfalah had initially disclosed its intent to sell its Afghanistan operations on December 4, 2025, with a subsequent update provided on January 7, 2026. The bank has confirmed the satisfaction of all conditions precedent set forth for the transaction.

According to information available from the Pakistan Stock Exchange (PSX), the market dynamics related to this transaction are expected to be closely monitored by stakeholders. The bank will now focus on completing the closure of its Afghanistan branches in line with the applicable regulatory requirements.

This development signifies a strategic move for Bank Alfalah Limited as it ceases its banking operations in the Afghanistan market and aligns its future business objectives with evolving regional and international financial landscapes.