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Pakistan's Bank Alfalah to sell Afghanistan operations to Azizi Bank

Pakistan's Bank Alfalah Ltd. agreed to divest its Afghanistan operations to Kabul-based Azizi Bank for an undisclosed sum.

The transaction is subject to corporate and regulatory approvals, as well as execution of necessary documents, according to a May 14 filing.

Bank Alfalah said in February that it was planning to sell its business and assets in Afghanistan after receiving an offer from an unnamed local lender.