Masud Zafar Selected to Serve as the Pakistan Banks' Association's (PBA) New Chairman

 

    The Bank of Punjab's (BOP) President and CEO, Mr. Zafar Masud, has been elected as the next Chairman of the Pakistan Banks' Association (PBA), the Association is happy to announce.

    This comes after the current PBA Chairman, Mr. Muhammad Aurangzeb, was appointed Pakistan's Federal Minister of Finance and Revenue earlier this month. When the PBA Executive Committee (EC) convened to implement this reform, they unanimously elected the following:

a) Mr. Zafar Masud, the President and CEO of The Bank of Punjab and current Senior Vice Chairman of the PBA, in his capacity as Association Chairman.

b) Mr. Yousaf Hussain, the President and CEO of Faysal Bank and current Vice Chairman of PBA, in his capacity as Senior Vice Chairman;

c) Mr. Ahmed Khan Bozai, a member of the Executive Committee and the new Vice Chairman of the Association, is the Managing Director and Citi Country Officer for Citibank N.A., Pakistan.


    The Association is convinced that, with the new leadership in place, it will go on serving the banking industry's interests efficiently by fostering tight ties with all relevant parties, including the State Bank of Pakistan. It will put more of an emphasis on coordinating banks to advance the development of the digital and technological framework, uphold the strictest regulatory requirements, and significantly contribute to the expansion of financial inclusion.

    It will also work with banks to support the development of middle markets, small and medium-sized businesses (SMEs), and the funding of significant industrial and infrastructure projects that are important for the nation.

    PBA thanks Mr. Muhammad Aurangzeb for his noteworthy contributions during his time as Chairman PBA and is sure that Mr. Zafar Masud, the organization's new Chairman, and the Executive Committee will continue to lead the group toward more accomplishments and important turning points.