The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Leadership at Nishat group

Meet Mr Pakistan

Mian Mansha: patriarch and perfectionist
Mian Mansha: building a business empire amid social and political turmoil
MCB partners with Maybank
Nishat's plans to list in London
Nishat: investing in Pakistan's infrastructure
Leadership at Nishat group

Decisive actions

Mansha is known to act as well as talk directly. Colleagues also point to his ruthless streak: an ability to quickly and decisively make key internal changes, even to the extent of infuriating Pakistan’s famously lethargic financial regulators. In May 2007, frustrated with the performance of the then-MCB chief executive and president, Muhammad Aftab Manzoor, who had been at the helm for seven years, Mansha acted swiftly. He fired Manzoor – according to one executive present "giving him 24 hours’ notice to pack his bags and leave".

Manzoor was replaced within days as president of the lender by the present chief executive, Bajwa, a respected but peripatetic banker who had lived in Dubai and eastern Europe, and had previously worked for Citi and ABN Amro, heading the former Dutch lender’s Pakistan operations. "There is a huge growth opportunity here in consumer banking," says Bajwa.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree