Karachi, December 4, 2025 – Bank Alfalah Limited announced on Thursday that its Board of Directors has approved a non-binding offer received from Ghazanfar Bank, Afghanistan, to acquire the bank’s operations in Afghanistan.
The decision marks a significant step in Bank Alfalah’s strategic restructuring of its international presence.
In a formal communication submitted to the Pakistan Stock Exchange (PSX), Bank Alfalah clarified that the approval is subject to several conditions, including the completion of satisfactory due diligence by Ghazanfar Bank, execution of definitive agreements, adherence to all applicable laws, and the receipt of necessary regulatory approvals. The offer will allow Ghazanfar Bank to assess the Afghan operations thoroughly before finalizing the acquisition.
Bank Alfalah further stated that the bank will now seek approvals from the State Bank of Pakistan (SBP) and Da Afghanistan Bank to permit Ghazanfar Bank to commence the due diligence process. This is a critical step to ensure that all operational, legal, and financial aspects of the Afghan operations are reviewed and verified before the transaction can proceed.
The announcement is expected to enhance investor confidence, as the move reflects Bank Alfalah’s proactive approach to optimizing its international portfolio and focusing on core markets. Industry analysts believe that the potential acquisition by Ghazanfar Bank could strengthen banking services in Afghanistan while enabling Bank Alfalah to streamline its cross-border operations effectively.
Bank Alfalah’s management emphasized its commitment to transparency throughout the process and assured stakeholders that all regulatory and operational requirements will be fully adhered to during the transition.