Peshawar: The Bank of Khyber has announced a significant change in its leadership, with Mr. Muhammad Ayaz taking over as the new Ex-Officio Director on the bank's Board. This development follows the appointment by the Government of Khyber Pakhtunkhwa, which named Mr. Ayaz as the Secretary of the Finance Department, effective from October 12, 2026.

Mr. Ayaz replaces Mr. Kamran Ahmed Afridi in this role, as indicated in the official report dated October 14, 2026. The change in the Secretary of the Finance Department automatically confers upon Mr. Ayaz the position of Director on the Board of the Bank of Khyber, representing the provincial government.

According to information available from the Pakistan Stock Exchange (PSX), the Bank of Khyber operates within the financial services sector, a key category in the market. The appointment of Mr. Ayaz is expected to impact the bank's strategic direction, given his new role and responsibilities.

This leadership transition marks another chapter for the Bank of Khyber as it continues to navigate the financial landscape under the guidance of its Board of Directors.