Pakistan Eases Export Banking Rules for Regional Trade
March 29, 2026
Bank Alfalah shareholders approve $47.5M sale of Bangladesh operations to Bank Asia, pending regulatory approvals.
Bank Alfalah shareholders have approved the sale of its Bangladesh operations to Bank Asia for approximately $47.5 million, according to disclosures made to the Pakistan Stock Exchange.
The decision was finalised during the bank’s 78th Annual General Meeting, authorising the sale valued at BDT 5.8 billion. The final transaction value remains subject to closing adjustments as part of the merger of Bank Alfalah Bangladesh into Bank Asia.
The deal is contingent on approvals from regulators, including the State Bank of Pakistan and Bangladesh Bank, along with other relevant authorities in both jurisdictions.
Bank Alfalah, one of Pakistan’s largest commercial banks, operates more than 1,000 branches across over 200 cities and maintains an international presence in multiple markets. The Bangladesh divestment follows earlier steps to streamline its overseas operations, including initiating the sale of its Afghanistan business.
Bank Asia, a Dhaka-based private sector bank established in 1999, has expanded through multiple acquisitions and will integrate the acquired operations as part of the transaction.
The development marks a continuation of Bank Alfalah’s international restructuring strategy.
