BAFL gets in-principle SBP approval for Afghanistan deal

January 07, 2026 (MLN): Bank Alfalah Limited (PSX: BAFL) has received in-principle approval from the State Bank of Pakistan allowing Ghazanfar Bank, Afghanistan to commence due diligence on BAFL’s Afghanistan operations and business.

Approval has also been granted by the Central Bank of Afghanistan, enabling Ghazanfar Bank to proceed with the due diligence process.

Following these regulatory clearances, Bank Alfalah will allow the intended buyer to conduct due diligence of its Afghanistan operations, according to the company’s statement on PSX revealed today.

The development follows the earlier disclosure made to the Pakistan Stock Exchange on December 4, 2025 regarding the receipt of a non-binding offer from Ghazanfar Bank for the acquisition of BAFL’s Afghanistan operations.

The proposed transaction remains subject to satisfactory completion of due diligence and execution of definitive agreements.

It is also subject to compliance with applicable laws and regulations, and receipt of all necessary regulatory and legal approvals from relevant authorities in Pakistan and Afghanistan.

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