Zafar Masud Chosen As Pakistan Banks’ Association Chairman

The Pakistan Banks’ Association (PBA) is delighted to announce the election of Mr. Zafar Masud, the President and CEO of the Bank of Punjab (BOP), as its new Chairman. This appointment follows the assumption of the role of Federal Minister of Finance and Revenue for Pakistan by Mr. Muhammad Aurangzeb, the previous PBA Chairman, earlier this month. The decision to elect Mr. Masud was made unanimously during a meeting of the PBA Executive Committee (EC).

In addition to Mr. Masud’s appointment as Chairman, Mr. Yousaf Hussain, the President and CEO of Faysal Bank, has been appointed as Senior Vice Chairman, and Mr. Ahmed Khan Bozai, the Managing Director & Citi Country Officer of Citibank N.A., Pakistan, has been appointed as Vice Chairman of the Association.

Read more: Former PCB Chairman Shaharyar Khan Passes Away

Under this new leadership, the PBA aims to continue effectively representing the banking sector by fostering strong relationships with key stakeholders, including the State Bank of Pakistan. It will prioritize efforts to enhance technological infrastructure, ensure compliance with the highest standards, and promote financial inclusion. Furthermore, the Association will collaborate with banks to support the growth of Small and Medium Enterprises (SMEs), middle markets, and critical infrastructure and industrial projects essential for the country’s development.

The PBA expresses gratitude to Mr. Muhammad Aurangzeb for his significant contributions as Chairman and looks forward to the leadership of Mr. Zafar Masud and the Executive Committee in achieving further success and milestones.