Karachi: Bank Alfalah Limited has announced a significant development regarding its Afghanistan operations, as detailed in a disclosure dated January 7, 2026. The bank has received "In-Principle" approval from the State Bank of Pakistan (SBP) for Ghazanfar Bank of Afghanistan to begin due diligence on Bank Alfalah's Afghanistan business. This marks a crucial step forward in a proposed transaction that may see Ghazanfar Bank acquiring Bank Alfalah's operations in Afghanistan.

According to information available from the Pakistan Stock Exchange (PSX), Ghazanfar Bank submitted a nonbinding offer to acquire the Afghanistan operations of Bank Alfalah. Following the SBP's approval, the Central Bank of Afghanistan has also granted its clearance for Ghazanfar Bank to commence the due diligence process.

The progression of this proposed transaction is contingent upon the satisfactory completion of due diligence, the execution of definitive agreements, and adherence to all applicable legal and regulatory requirements in both Pakistan and Afghanistan. It is imperative for all necessary approvals from the relevant authorities in both countries to be secured before the transaction can move forward.

Bank Alfalah has communicated this development to the TRE Certificate Holders of the Exchange, ensuring that all stakeholders are informed. The designated market category for this disclosure remains focused on regulatory approvals and due diligence activities related to the potential acquisition.