ISLAMABAD, Dec 28 (APP): The Pakistan Banks Association (PBA) has elected and constituted a new 16-member Executive Committee, marking a significant step toward greater inclusivity and broader representation within the banking industry.
The newly formed committee includes two female members and representatives from eight newly inducted member banks, reflecting a strategic shift in the association’s governance framework.
Following the elections, the Executive Committee unanimously elected Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, as Chairman of the PBA, according to a press release issued on Sunday.
Commenting on his election, Zafar Masud said the reconstituted Executive Committee represents an important evolution in the association’s leadership. He noted that the expanded and more diverse membership would strengthen the PBA’s ability to advance a National Economic Agenda, with a focus on bridging credit gaps in priority sectors, accelerating financial inclusion through digital channels, and supporting Pakistan’s sustainable economic recovery.
The leadership team also includes Nassir Salim, President and Chief Executive Officer of Habib Bank Limited, as Senior Vice Chairman, and Yousaf Hussain, President and Chief Executive Officer of Faysal Bank Limited, as Vice Chairman.
On the occasion, Nassir Salim emphasized the need for resilience and robust compliance frameworks in light of ongoing global economic challenges, while Yousaf Hussain highlighted modernization, technology adoption, and agility as key priorities to ensure the banking sector remains innovative and regionally competitive.
Commenting on the milestone, Muneer Kamal, Chief Executive Officer and Secretary General of the PBA, said the expansion of the Executive Committee — including the historic inclusion of female representation — reflects the association’s commitment to diversity, inclusivity, and modern governance practices.
Under the new leadership, the PBA aims to deepen collaboration with the State Bank of Pakistan, the Ministry of Finance, and the federal government to support infrastructure development, expand private sector credit for agriculture and small and medium enterprises (SMEs), and advance Pakistan’s digital transformation.
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