The Central Bank of Afghanistan canceled the license of Habib Bank
Reporter: Latifa Sahil
Officials from the Central Bank of Afghanistan have announced that they canceled the license of the central bank branch in Afghanistan.
The central bank spokesman Emel Hashour told the media that “the bank’s ban on the bank’s execution has been ordered by the Supreme Banking Authority of Iran to cancel the license.” He says that the Pakistani bank has no advantage in developing the economy, and has not even provided its customers for two years, even a thousand Afghans. According to Mr. Hashour, according to Afghan law, all the capital of banks operating in Afghanistan should be Afghan, but the bank has not complied with Afghan law. While Pakistan’s Habib Bank is one of Pakistan’s largest banks established in 1947, it now has close to 1,800 branches inside and outside Pakistan.