Afghanistan, Jan. 7 -- Bank Alfalah Moves Closer to Exiting Afghanistan After Securing Regulatory Clearances for Proposed Divestment.
Bank Alfalah Limited, one of Pakistan's largest commercial banks, has moved closer to exiting Afghanistan after securing regulatory clearances to advance the proposed divestment of its operations there, according to filings cited by Pakistan's Business Recorder.
The bank disclosed to the Pakistan Stock Exchange on Tuesday that it has received in-principle approval from the State Bank of Pakistan (SBP), while Afghanistan's central bank has also granted consent, allowing Ghazanfar Bank to begin due diligence.
Bank Alfalah said it had earlier received a non-binding offer from Ghazanfar Bank to acquire its Afg...