[1] Flight operations were launched in 1995 with an initial fleet of one Boeing 707-300 and two Antonov An-12 aircraft.

[citation needed] In April 2008, Pamir Airways was taken over by a group of Afghan businessmen led by Sherkhan Farnood, the president of the Afghanistan Chamber of Commerce & Industries and former chairman of Kabul Bank, who subsequently became chairman of the airline.

Following the investment, Pamir Airways received a loan for $98 million from Kabul Bank, which was later exposed as one having indescribably poor lending standards (e.g. little to no interest required, no collateral required and repayment essentially optional).

[3] An effort was made to re-organize the Pamir assets, including its aging fleet of grounded planes, which could not be sold at high enough prices to reclaim the funds, though.

[3] As a consequence, the license of the airline was withdrawn, officially due to the poor safety record, on 19 March 2011.