KARACHI (Web Desk) — The Pakistan Banks Association (PBA) has elected Zafar Masud, President and CEO of the Bank of Punjab, as its new chairman following the formation of a 16-member executive committee.
The revamped body now includes two women and eight newly inducted member banks — a move seen as a major step toward wider inclusion and representation in Pakistan’s banking sector.
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Speaking at the announcement, Zafar Masud said the committee’s restructuring represents an important milestone in the PBA’s leadership journey. He noted that a broadened and diverse membership will strengthen the association’s ability to advance the national economic agenda by helping close credit gaps in priority sectors, expanding financial inclusion through digital channels and supporting Pakistan’s sustainable economic recovery — goals that require collective commitment.
Under the new structure, Nasser Salim, President and CEO of Habib Bank Limited, has been appointed senior vice chairman, while Yousaf Hussain, President and CEO of Faysal Bank Limited, will serve as vice chairman.
Salim highlighted the significance of stability and a strong compliance framework amid persistent global economic challenges, whereas Hussain emphasized the need for modernization, technological upgrade and faster institutional processes to keep Pakistan’s banking sector competitive.
Commenting on the development, Munir Kamal, CEO and Secretary-General of the PBA, said the expansion of the executive committee, particularly the inclusion of women for the first time, reflects the association’s commitment to diversity and progressive leadership.
Moving forward, the PBA plans to work closely with the State Bank of Pakistan, Ministry of Finance and the federal government to boost private sector lending , particularly for agriculture and SMEs, accelerate infrastructure development and support Pakistan’s ongoing digital transformation.
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