The Pakistan Banks’ Association (PBA) has a new leader! Mr. Zafar Masud, the head of The Bank of Punjab, was recently chosen to be the new Chairman.
This change comes after the previous Chairman, Mr. Muhammad Aurangzeb, took on a new, important government role as the country’s Finance Minister.
Mr. Masud wasn’t new to the PBA. He was already a high-ranking member, holding the position of Senior Vice Chairman. Following Mr. Aurangzeb’s departure, the Association shuffled its leadership positions. Mr. Yousaf Hussain, another leader in the Association from Faysal Bank, was promoted to Senior Vice Chairman. Additionally, a new member, Mr. Ahmed Khan Bozai from Citibank Pakistan, joined the leadership team as the Vice Chairman.
The Association is confident that Mr. Masud’s leadership will be very effective. They plan to maintain a close working relationship with the government’s bank, the State Bank of Pakistan, and other important players in the financial world. Their main goals include ensuring banks use the latest technology, follow all the rules, and expand access to banking services for the public. They also aim to support the growth of small and medium-sized businesses and provide funding for critical infrastructure projects.
Finally, the Association expressed its gratitude to the previous Chairman, Mr. Aurangzeb, for his hard work and contributions. They are confident that the new leadership team under Mr. Masud will continue to achieve great things for the organization.