Security officials in Kabul Police Department have confirmed that the incident took place in the second street of Qala-e-Fatullah.
Hashmatullah Stanikzai, spokesman for Kabul Police Department, said the incident took place around 11:30 am local time after a group of gunmen attacked the vehicle of the businessman.
Stanikzai further added that the businessman was initially injured following the attack and succumbed to his injuries while he was taken to hospital.
He said the assailant gunmen managed to flee the area after opening fire on the vehicle of the business.
Unconfirmed reports suggest that the gunmen have also taken a brief case of the business with them following the attack.