We have come a long way from life as a tiny trade outpost on the Silk
Road to becoming one of the largest private entities in the country – the Ghazanfar Group. By 1971, through hard work and perseverance, this small
business had developed into a successful wholesale operation. Then in 1998 petroleum products were added to the scope of our trading
activities, with a revenue of US$2 million. By
the grace of God, trade in petroleum
products ultimately became the prime source of revenue for Ghazanfar Group,
with earnings of US$475 million by 2008. Establishing a commercial bank was the next logical step and thus, in 2009,
the group founded Ghazanfar Bank in Afghanistan. We are continuing to build a
group of diversified enterprises which will support the development of Afghanistan
and the recent addition of Ghazanfar Construction is a natural part of this. It
has already commenced work on large scale infrastructure and real estate
development projects. To simply repair and rebuild a country devastated by war is not enough. Afghani
society has been seriously impacted by the turmoil of the past decades and so
Ghazanfar is aggressively investing funds and efforts towards the rehabilitation
and development of the country’s human resources. The Group, through its
subsidiaries, is constantly taking measures to improve the living standards of
the population by creating new jobs and sponsoring education, training and
confidence building programmes. The entire world is passing through a critical economic phase, which is
considered by many experts to be the worst financial crisis since the Great
Depression of 1930’s. The effects of this global recession and the subsequent
credit crunch and decline in economic activity reverberated throughout the business community. The resulting collapses of large financial institutions, the bailout of banks by national governments and the downturn in stock markets were felt in every country. Although Afghanistan is now part of the world financial and business community, I am proud to state that, by the grace of God, Ghazanfar Group has honourably navigated through and withstood these economic storms and hardships without much effect to our business activities. To govern our enterprise we use the values and virtues passed down on us
through the decades by our elders. We firmly believe in honesty, accountability,
equality and transparency. These values are the backbone of Ghazanfar Group’s
policy. Our fair corporate governance translated into a huge body of satisfied
customers and loyal employees and consequently into positive references for the
Group and recommendations to work with us
We remain determined to build a culture where talent and hard work are
recognised and rewarded, where each employee has an opportunity to achieve
his or her maximum potential, and where the best strive to do better. I thank from the bottom of my heart all of our customers for their loyalty and trust in us. I am also extremely grateful to our employees for their hard work – it is your effort and commitment that has made Ghazanfar Group a success throughout the
years.
