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Pakistan’s Bank Alfalah exits Afghanistan after 20 years
Pakistan’s Bank Alfalah Limited (BAFL) has completed the sale and transfer of its banking operations in Afghanistan to Ghazanfar Bank, marking BAFL’s full exit from Afghanistan after over two decades of banking presence. The development came following regulatory approvals from Pakistan and Afghanistan, BAFL said in a filing to the Pakistan Stock Exchange (PSX) on Friday “We are pleased to inform that, following the execution of definitive transaction documents, receipt of the approvals of the State Bank of Pakistan and Da Afghanistan Bank and satisfaction of the other conditions precedent, th...
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