The Pakistan Banks Association (PBA) has announced the formation of its new 16-member Executive Committee, marking a renewed commitment to inclusivity, diversity, and stronger representation across Pakistan’s banking industry. The newly constituted body brings together senior leaders from a broad spectrum of local and international banks, reflecting the association’s aim to foster collaboration and unified policy advocacy within the financial sector.
Mr. Zafar Masud, President and Chief Executive Officer of The Bank of Punjab, has been unanimously elected as Chairman of the Pakistan Banks Association. He will be supported by Mr. Nassir Salim, who has been appointed Senior Vice Chairman, and Mr. Yousaf Hussain, who will serve as Vice Chairman. The leadership team is expected to guide the association through a period of rapid transformation in Pakistan’s banking and financial services landscape.
Under the new leadership, the PBA has reaffirmed its commitment to supporting financial inclusion, promoting digital innovation, and contributing to Pakistan’s sustainable economic growth. The association is expected to continue working closely with regulators, policymakers, and other stakeholders to address industry challenges and support the development of a resilient and inclusive financial system.
The newly formed Executive Committee includes Atif Bajwa, Aizid Gill, Habib Yousuf, Basir Shamsie, Natasha Ahmed, Amir Ali, Haaris Mahmood Chaudhary, Rehmat Hasnie, Saad ur Rahman Khan, Saadya Riaz, Muhtashim Ashai, Muhammad Jawaid Iqbal, Tahir Bhatti, and Mir Nejib Rahman. Together, these members represent a wide range of expertise across commercial banking, Islamic finance, digital banking, investment banking, and development finance.
The committee draws representation from some of the country’s leading financial institutions, including Habib Bank Limited, Faysal Bank Limited, Allied Bank Limited, Bank Alfalah Limited, Citi, JS Bank, MCB Bank Limited, Meezan Bank Limited, Mobilink Bank, National Bank of Pakistan, Pakistan Kuwait Investment Company (Private) Limited, Standard Chartered, Soneri Bank Limited, United Bank Limited, and Zarai Taraqiati Bank. This broad institutional presence is intended to ensure that the views and priorities of both large and mid-sized banks, as well as conventional and Islamic institutions, are reflected in PBA’s policy positions.
Industry observers view the formation of the new Executive Committee as timely, given the evolving regulatory environment and the growing emphasis on digital transformation in the banking sector. Banks in Pakistan are increasingly focused on expanding access to financial services, improving customer experience through technology, and aligning their operations with sustainability and climate-related objectives. The PBA is expected to play a key role in coordinating industry responses to these trends.
With digital banking and financial technology gaining momentum, the association’s agenda under the new leadership is likely to include closer engagement on issues such as digital payments, cybersecurity, data protection, and the adoption of innovative banking models. Financial inclusion remains another central priority, particularly in expanding access to banking services for underserved segments of the population and supporting small and medium-sized enterprises.
The PBA has historically served as a bridge between the banking industry and regulators, including the State Bank of Pakistan, on matters related to policy development, regulatory reforms, and industry standards. The new Executive Committee is expected to continue this role by providing constructive input on regulatory initiatives while advocating for a stable and growth-oriented operating environment for banks.
Market participants believe that the diverse composition of the new committee will strengthen PBA’s ability to address sector-wide challenges in a coordinated manner. By bringing together leaders from conventional, Islamic, local, and foreign banks, the association aims to promote consensus-driven solutions that support both financial stability and innovation.
As Pakistan’s banking sector navigates economic uncertainties, regulatory changes, and technological disruption, the newly constituted Executive Committee of the Pakistan Banks Association is expected to play a central role in shaping the industry’s collective response. The association’s renewed focus on inclusivity, collaboration, and sustainable growth underscores its importance as a key stakeholder in the country’s financial ecosystem.
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