PBA Elects Zafar Masud as Chairman

The Pakistan Banks Association (PBA) has elected Zafar Masud, President & CEO of the Bank of Punjab (BOP), as the new Chairman of the Association.

The PBA Executive Committee (EC) unanimously made this decision during a recent meeting.

Leadership Transition:

Zafar Masud, previously serving as the Senior Vice Chairman of PBA, now assumes the esteemed position of Chairman, bringing with him a wealth of experience and expertise from his role at The Bank of Punjab.

New Executive Committee Appointments:

Alongside Masud’s elevation, Yousaf Hussain, President & CEO of Faysal Bank, has been appointed as the Senior Vice Chairman, while Ahmed Khan Bozai, Managing Director & Citi Country Officer of Citibank N.A., Pakistan, steps in as the new Vice Chairman of the Association.

Vision for the Future:

Under the stewardship of Zafar Masud, PBA is committed to maintaining strong relationships with key stakeholders, particularly the State Bank of Pakistan.

The focus will be on enhancing technological frameworks, upholding compliance standards, and fostering financial inclusion across the banking sector.

Supporting Economic Growth:

PBA aims to collaborate closely with banks to drive growth in Small and Medium Enterprises (SMEs), middle markets, and the financing of critical infrastructure and industrial projects, vital for Pakistan’s economic development.

The PBA has expressed its heartfelt gratitude to Muhammad Aurangzeb, the Federal Minister for Finance and Revenue for his invaluable contributions during his tenure as Chairman.

With Zafar Masud at the helm and a dedicated Executive Committee, PBA is poised to achieve new milestones and lead the banking sector towards a prosperous future.