Lahore,March 26,2024 – The Pakistan Banks Association (PBA) is delighted to announce the election of Mr. Zafar Masud, President & CEO of The Bank of Punjab (BOP), as the new Chairman of the Association.
This appointment follows the transition of Mr. Muhammad Aurangzeb, the former PBA Chairman, who assumed the role of Federal Minister of Finance and Revenue for Pakistan earlier this month. In accordance with this change, the PBA Executive Committee (EC) convened and unanimously elected the following individuals:
- Mr. Zafar Masud, currently serving as the PBA’s Senior Vice Chairman and President & CEO of The Bank of Punjab, as Chairman of the Association.
- Mr. Yousaf Hussain, President & CEO of Faysal Bank, as Senior Vice Chairman.
- Mr. Ahmed Khan Bozai, Managing Director & Citi Country Officer of Citibank N.A. Pakistan, as the new Vice Chairman of the Association.
The Association is confident that under the new leadership, it will continue to effectively represent the banking sector by fostering strong relationships with key stakeholders, including the State Bank of Pakistan. Additionally, it will prioritize initiatives aimed at enhancing technological infrastructure, upholding compliance standards, and advancing financial inclusion efforts. Moreover, the Association will collaborate with banks to support the growth of Small and Medium Enterprises (SMEs), middle markets, and the financing of critical infrastructure and industrial projects vital for the nation’s development.
PBA extends its appreciation to Muhammad Aurangzeb for his significant contributions during his tenure as Chairman and expresses confidence in the capabilities of Mr. Zafar Masud and the Executive Committee to lead the organization towards further achievements and milestones.
