Punjab Bank chief Zafar Masud survives PIA plane crash

Bank of Punjab President Zafar Masud was also on board the unfortunate PIA flight from Lahore to Karachi that crashed just before landing after engine failure on Friday afternoon, reported 24NewsHD TV channel.

Zafar Masud has been seriously injured in the unfortunate incident and has been shifted to Civil Hospital Karachi where he is being treated for his injuries along with 10 to 15 other injured passengers brought to the hospital after the incident.

Zafar Masud joined as President/CEO of the Bank of Punjab on April 17, 2020. Masud brought with him 27 years of rich and diversified experience as an international banker and entrepreneur, served at top positions at multinational banks in Pakistan and abroad. He has extensive experience of working at Board of Directors level including State Bank of Pakistan (SBP), Barclays Bank Southern Africa and National Bank of Pakistan.

He had earlier worked as director-general -National Savings, Ministry of Finance, Government of Pakistan, CEO (Interim) at InfraZamin Pakistan and Founding Partner Burj Capital. He also held leadership positions at Dubai Islamic Bank, Citigroup and American Express Bank. Mr. Masud holds a Master of Business Administration (Banking) from IBA, Karachi and Bachelor’s from Hailey College of Commerce, Punjab University, Lahore.