The Pakistan Banks’ Association (PBA) is pleased to announce the election of Mr. Zafar Masud, President & CEO of The Bank of Punjab (BOP), as the new Chairman of the Association. This change follows the appointment of Mr. Muhammad Aurangzeb, the previous Chairman, as the Federal Minister of Finance and Revenue for Pakistan earlier this month. The PBA Executive Committee (EC) convened to unanimously elect the new leadership, which includes Mr. Masud as Chairman, Mr. Yousaf Hussain, President & CEO of Faysal Bank, as Senior Vice Chairman, and Mr. Ahmed Khan Bozai, Managing Director & Citi Country Officer of Citibank N.A., Pakistan, as Vice Chairman. The Association is confident that under this new leadership, it will continue to effectively represent the banking sector by strengthening relationships with key stakeholders, including the State Bank of Pakistan. The focus will be on enhancing technological and digital infrastructure, maintaining compliance standards, and promoting financial inclusion. Moreover, the PBA will collaborate with banks to support the growth of Small and Medium Enterprises (SMEs), middle markets, and financing critical infrastructure and industrial projects. The PBA extends its appreciation to Mr. Muhammad Aurangzeb for his contributions and expresses confidence in the new Chairman and Executive Committee to lead the organization towards further achievements and milestones.