The Pakistan Banks Association has elected and constituted a new 16-member Executive Committee, reflecting a strategic move toward greater inclusivity and wider representation across the banking industry. The newly formed committee includes two female members and representatives from eight newly inducted member banks, marking a notable expansion in participation and diversity within the Association’s leadership structure.
Following the elections, the Executive Committee unanimously elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as Chairman of the Pakistan Banks Association. His appointment underscores continuity as well as a renewed focus on strengthening the role of the banking sector in national economic development.
Commenting on his election, Zafar Masud said the newly constituted Executive Committee represents an important evolution in the Association’s governance framework. He emphasized that the broader and more diverse membership enhances the PBA’s capacity to effectively advance a National Economic Agenda. According to him, key priorities include bridging credit gaps in priority and underserved sectors, accelerating financial inclusion through digital banking channels, and supporting Pakistan’s sustainable economic recovery.
He further noted that the strengthened governance structure will enable closer collaboration among banks and policymakers, helping the sector respond more effectively to economic challenges while promoting inclusive growth and long-term financial stability in the country.
