Afghanistan, Nov. 7 -- Pakistan's Bank Alfalah has ended its banking operations in Afghanistan after more than two decades, transferring its business in the country to local lender Ghazanfar Bank, the Pakistani bank announced on Friday.
The transaction was completed on November 5, 2026, following regulatory approvals from the State Bank of Pakistan and the Central Bank of Afghanistan. The transfer covers the banking operations, assets and liabilities of Bank Alfalah's branches in Kabul and Herat.
The bank confirmed that it had ceased operations in Afghanistan and would proceed with closing its branches in accordance with regulatory requirements.
Bank Alfalah began operating in Afghanistan in 2005, initially opening a branch in Kabul befo...