The Bank of Punjab’s (BOP) President and CEO, Mr. Zafar Masud, has been elected as the next association chairman, which the Pakistan Banks’ Association (PBA) is happy to announce.
This shift 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 PBA, in his capacity as Association Chairman.
As Senior Vice Chairman, Mr. Yousaf Hussain (President & CEO, Faysal Bank) replaces PBA’s current Vice Chairman; c) Mr. Ahmed Khan Bozai (Managing Director & Citi Country Officer, Citibank N.A., Pakistan), a member of the Executive Committee, takes over as the Association’s new Vice Chairman.
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 in order to fortify the digital and technological framework, uphold the strictest compliance requirements, and significantly contribute to the expansion of financial inclusion. It will also work with banks to support the development of middle-class businesses and small and medium enterprises (SMEs), as well as the funding of significant industrial and infrastructural projects that are important for the nation.
PBA thanks Mr. Muhammad Aurangzeb for his noteworthy contributions during his time as Chairman PBA and has faith that Mr. Zafar Masud, the organization’s new Chairman, and the Executive Committee will continue to lead the group toward more noteworthy accomplishments and important turning points.
