Zafar Masud, President and CEO of The Bank of Punjab (BOP), has been elected as the new chairman of the Pakistan Banks’ Association (PBA). This change follows Muhammad Aurangzeb’s assumption of the role of Minister of Finance and Revenue for Pakistan.

Yousaf Hussain, President & CEO of Faysal Bank, has been elected as the new senior vice chairman, and Ahmed Khan Bozai, Managing Director & Citi Country Officer of Citibank N.A., Pakistan, as the vice chairman. The PBA aims to strengthen relationships with stakeholders, enhance technology and digital frameworks, ensure compliance standards, and promote financial inclusion.

It will also support the growth of SMEs, middle markets, and critical infrastructure and industrial projects. The association expresses gratitude to Minister Aurangzeb and looks forward to the leadership of Zafar Masud and the executive committee in achieving future milestones.

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