KARACHI – Zafar Masud, President & CEO of the Bank of Punjab (BOP), has been elected as the new Chairman of the Pakistan Banks’ Association (PBA).
He has replaced Muhammad Aurangzeb, the sitting PBA chairman, as the latter was roped in by the federal government as finance minister earlier this month.
The Executive Committee of the association held a meeting and unanimously elected Masud, who was serving as Senior Vice Chairman, as PBA chairman.
Furthermore, Yousaf Hussain President & CEO Faysal Bank has been elected as Senior Vice Chairman, while Ahmed Khan Bozai, who was a member of the Executive Committee and Managing Director & Citi Country Officer – Citibank N.A., Pakistan, has been elected as the new PBA Vice Chairman.
PBA’s main objective is to provide a common platform to banks and financial institutions (DFIs) regulated by State Bank of Pakistan, for the purpose of protecting their rights, privileges and interests and for the advancement of the banking industry.
PBA shares a common vision of progress and development with its members and represents them in matters concerning the regulatory bodies and other government departments.
PBA Executive Committee
The Executive Committee (EC) is the governing body of PBA, which comprises 14 CEOs of member banks and DFIs who are elected from amongst the members.
The Chairman of the Executive Committee is elected periodically within the EC.
