The Pakistan Banks Association (PBA) has appointed a new chairman and established a significantly restructured Executive Committee, signalling a strategic move to address national economic priorities, including bridging credit gaps and supporting the country”s sustainable recovery.
According to a statement issued today, the newly formed committee unanimously selected Mr. Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, to serve as the Association”s Chairman.
Joining the leadership team are Mr. Nassir Salim, President and CEO of Habib Bank Limited, who will serve as Senior Vice Chairman, and Mr. Yousaf Hussain, President and CEO of Faysal Bank Limited, who was named Vice Chairman.
In his remarks following the election, Mr. Masud described the new committee as an “important evolution” in the PBA’s governance. He stated that the expanded and more diverse body enhances the Association”s capacity to advance a national economic agenda, focusing on greater financial inclusion through digital platforms and closing credit shortfalls in priority sectors.
Mr. Salim stressed the need for resilience and robust compliance frameworks to navigate global economic headwinds, while Mr. Hussain identified modernisation, technology adoption, and agility as crucial for maintaining the banking sector”s innovative edge and regional competitiveness.
The reconstituted 16-member Executive Committee marks a significant change in the PBA”s structure, incorporating eight newly inducted member banks and, for the first time, two female members.
Mr. Muneer Kamal, the PBA”s Chief Executive Officer and Secretary General, commented that the committee”s expansion and the “historic inclusion” of female representation underscore the organisation”s commitment to diversity and modern governance principles.
Under its new leadership, the PBA intends to deepen its collaboration with the State Bank of Pakistan, the Ministry of Finance, and the Federal Government. Key areas of focus will include supporting infrastructure development, expanding private sector credit for agriculture and SMEs, and furthering the nation”s digital transformation.