KARACHI – The Pakistan Banks Association (PBA) has elected and constituted a new 16-member Executive Committee, marking a major move toward greater inclusivity and broader representation within the banking industry.
The newly formed body includes two female members and eight newly inducted member banks, reflecting a strategic shift in the Association’s governance framework.
Following the elections, the Executive Committee unanimously elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as Chairman of the PBA.
Commenting on his election, Masud said the newly constituted Executive Committee represents an important evolution in the Association’s governance. He noted that the expanded and more diverse membership would strengthen the PBA’s capacity to advance a national economic agenda, particularly by addressing credit gaps in priority sectors, accelerating financial inclusion through digital channels, and supporting Pakistan’s sustainable economic recovery.
The newly elected leadership team also includes Nassir Salim, President and Chief Executive Officer of Habib Bank Limited, as Senior Vice Chairman, and Yousaf Hussain, President and Chief Executive Officer of Faysal Bank Limited, as Vice Chairman.
Speaking on the occasion, Nassir Salim emphasized the need for resilience and robust compliance frameworks in the face of global economic headwinds. He said that strong governance and risk management would remain critical for maintaining stability in Pakistan’s banking sector.
Meanwhile, Yousaf Hussain underscored the importance of modernization, technology adoption, and institutional agility, stating that these factors are essential to ensure the sector remains innovative and regionally competitive.
Commenting on the milestone, Muneer Kamal, Chief Executive Officer and Secretary General of the PBA, said the expansion of the Executive Committee — along with the historic inclusion of female representation — reflects the Association’s commitment to diversity, inclusiveness, and modern governance practices.
The PBA leadership reiterated its commitment to working closely with all stakeholders to promote a stable, inclusive, and forward-looking banking sector that contributes meaningfully to the country’s long-term economic growth.
Under the new leadership, the PBA aims to further strengthen collaboration with the State Bank of Pakistan, the Ministry of Finance, and the Federal Government.
The Association plans to support infrastructure development, expand private sector credit — particularly for agriculture and small and medium enterprises (SMEs) — and play a proactive role in advancing Pakistan’s digital transformation agenda.
