According to the statement issued by the Pakistan Banks Association, the position of Chairman PBA was vacant after Muhammad Aurangzeb became the Federal Minister.
Zafar Masood was serving as Senior Vice Chairman Pakistan Banks Association until now, Faisal Bank President Yousuf Hussain Sr has been appointed as Vice Chairman PBA.
MD City Bank Pakistan Ahmed Khan Bozai has been appointed as Vice Chairman PBA.
The statement issued said that PBA is confident that the new leadership will continue its work effectively, PBA will continue to link banks with key stakeholders including the State Bank.
The PBA statement said that the new leadership will continue to enhance technology, compliance and financial inclusion, while the new leadership will focus on financing projects important to SMEs and Pakistan.
The statement said that the PBA acknowledges the efforts of Mohammad Aurangzeb as chairman