ISLAMABAD: The Pakistan Banks Association (PBA) has elected and constituted a new 16-member Executive Committee, including two female members and eight newly inducted member banks, following elections held by the Association.
The newly formed Executive Committee subsequently elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as Chairman of the Pakistan Banks Association.
New Executive Committee Formed by Pakistan Banks Association
According to the PBA, the Executive Committee has been expanded to enhance representation from across the banking sector. The committee now comprises members from a broader range of banks, reflecting recent changes in the Association’s membership structure.
Leadership Appointments Announced
The leadership team also includes Nassir Salim, President and Chief Executive Officer of Habib Bank Limited, who was elected Senior Vice Chairman. Yousaf Hussain, President and Chief Executive Officer of Faysal Bank Limited, was elected Vice Chairman.
Statements by Newly Elected Office Bearers
In comments following his election, Zafar Masud said the reconstituted Executive Committee reflects changes in the Association’s governance structure and membership. He said the committee would focus on issues related to credit availability in priority sectors, financial inclusion through digital channels, and coordination on economic policy matters.
Senior Vice Chairman Nassir Salim referred to the need for resilience and compliance in the banking sector amid global economic challenges, while Vice Chairman Yousaf Hussain pointed to the importance of technology adoption and modernization within banks.
Female Representation and Governance Changes
Muneer Kamal, Chief Executive Officer and Secretary General of the Pakistan Banks Association, said the inclusion of female members on the Executive Committee marked a change in the Association’s composition. He said the expansion was part of efforts to align governance structures with evolving industry requirements.
Coordination With Financial Authorities
According to the PBA, the new leadership plans to continue engagement with the State Bank of Pakistan, the Ministry of Finance, and other government institutions on matters related to infrastructure financing, private sector credit, agriculture, small and medium enterprises, and digital financial services.
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