His close encounter with death completely changed Zafar Masud’s perspective on life. Being one of the two survivors among 99 passengers onboard a PIA plane that crashed into a residential area of Karachi almost a year ago, the incident has reinforced his trust in people. His changed perspective is now reflected in new policies of the Bank of Punjab, which he heads as its president.
BoP has recently grown the size of its balance sheet to more than Rs1 trillion, which puts it in the category of large banks. “We’ve been a market leader by a wide margin in a well-secured government and the State Bank of Pakistan introduced concessionary and financing/refinancing schemes,” says Mr Masud, who has the diverse experience of working across multilateral corporations, multinationals and government.
