The Pakistan Banks’ Association (PBA) is delighted to announce the appointment of Mr. Zafar Masud, President & CEO of the Bank of Punjab (BOP), as the esteemed new Chairman of the Association.
This transition follows the elevation of Mr. Muhammad Aurangzeb, the incumbent PBA Chairman, to the esteemed role of Federal Minister of Finance and Revenue for Pakistan earlier this month. In line with this development, the PBA Executive Committee (EC) convened and unanimously elected the following distinguished individuals:
a) Mr. Zafar Masud, PBA’s current Senior Vice Chairman and the dynamic President & CEO of The Bank of Punjab, assumes the prestigious role of Chairman of the Association.
b) Mr. Yousaf Hussain, PBA’s incumbent Vice Chairman and the accomplished President & CEO of Faysal Bank, steps into the role of Senior Vice Chairman.
c) Mr. Ahmed Khan Bozai, a respected Member of the Executive Committee and the esteemed Managing Director & Citi Country Officer at Citibank N.A., Pakistan, is appointed as the new Vice Chairman of the Association.
The Association is steadfast in its belief that, under the visionary leadership of its new Chairman, it will continue to serve as a staunch advocate for the banking sector. This entails fostering robust relationships with all key stakeholders, including the esteemed State Bank of Pakistan. Moreover, the PBA is committed to bolstering banks’ alignment with cutting-edge technology and digital frameworks, upholding the highest standards of compliance, and spearheading efforts to enhance financial inclusion nationwide.
Furthermore, the PBA pledges to collaborate closely with banks to catalyze the growth of Small and Medium Enterprises (SMEs), bolster middle markets, and facilitate financing for pivotal infrastructure and industrial projects crucial for the nation’s progress.
The PBA extends its heartfelt appreciation to Mr. Muhammad Aurangzeb for his invaluable contributions during his tenure as Chairman. The Association is confident that under the astute guidance of Mr. Zafar Masud and the esteemed Executive Committee, it will continue to achieve remarkable milestones and foster a thriving banking ecosystem in Pakistan.
