Official records have revealed that senior executives at state-owned banks and investment firms receive salaries far exceeding those of most government employees.
The managing director of Pak-Kuwait Investment Company receives a monthly salary of Rs. 15.38 million, making it the highest disclosed pay package among public sector financial institutions.
Official documents reveal the managing director of Pak-Oman Investment Company earns Rs. 12.88 million per month, while the Pak-Iran Investment Company MD receives Rs. 9.72 million.
The president of the National Bank of Pakistan (NBP) draws a monthly salary of Rs. 9 million, according to figures provided by the Ministry of Finance to oversight bodies.
The chief executive officer of PRAL receives Rs. 5.2 million per month in salary, along with an additional allowance equivalent to 15 percent of that monthly pay.
The president of Zarai Taraqiati Bank Limited (ZTBL) earns Rs. 5.45 million monthly, while the president of Exim Bank of Pakistan receives Rs. 5 million per month.
The Governor of the State Bank of Pakistan earns Rs. 4 million monthly, according to the Ministry of Finance, placing the central bank chief below several state-owned enterprise heads.
The Securities and Exchange Commission of Pakistan chairman receives a monthly salary exceeding Rs. 3.65 million, while the Competition Commission of Pakistan chairman earns Rs. 1.1 million.
The president of First Women Bank receives a monthly salary exceeding Rs. 2.2 million, the documents show, making it among the lower disclosed pay packages in the financial sector.
