The Bank of Punjab (BOP) has announced that its Board of Directors has approved a one-year extension in the employment contract of its President and Chief Executive Officer, Zafar Masud.
The decision was taken during the bank’s 330th emergent Board meeting held on April 13, 2026, according to a notice submitted to the Pakistan Stock Exchange (PSX). The extension will take effect from April 16, 2026, and will continue under the existing terms and conditions.
BOP stated that the approval follows a formal notification issued by the Finance Department, Government of Punjab, also dated April 13, 2026.
In its official filing, the bank confirmed that the Board has approved the continuation of Masud’s contract for an additional year without any changes to the current terms. The development has been formally communicated to the PSX for dissemination among TRE certificate holders and market participants.
According to the bank’s official website, Masud has been serving as CEO since 2020. He brings over 27 years of experience in banking and finance, having held senior leadership roles at global institutions including Barclays, Citibank, Dubai Islamic Bank, and American Express Bank. His expertise spans development finance, banking transformation, and public sector financial institutions.
