Finance Ministry documents reveal multi-million rupee salaries of heads of state institutions

Official documents from the Ministry of Finance have disclosed that top executives of several government and semi-government organizations in Pakistan are receiving substantial monthly salaries

ISLAMABAD: Official documents from the Ministry of Finance have disclosed that top executives of several government and semi-government organizations in Pakistan are receiving substantial monthly salaries and allowances, with compensation packages in some cases crossing the one crore rupee mark when benefits are included.

The records outline pay structures across key regulatory bodies, financial institutions, and public sector companies, highlighting significant differences in monthly remuneration.

According to the documents, the Chairman of the Securities and Exchange Commission of Pakistan (SECP) receives a monthly salary exceeding Rs3.6 million. The Chairman of the Competition Commission of Pakistan (CCP) is paid around Rs1.1 million per month.

In the banking and development finance sector, the President of Zarai Taraqiati Bank Limited (ZTBL) draws approximately Rs5.4 million monthly, while the President of the EXIM Bank of Pakistan receives Rs5 million per month. The President of First Women Bank Limited is reported to be earning over Rs2.2 million monthly.

The documents further state that the Chief Executive Officer of Pakistan Single Window (PSW) receives a monthly salary of around Rs2.6 million, along with additional allowances of approximately Rs89,000. Similarly, the CEO of Pakistan Revenue Automation Limited (PRAL) is paid about Rs5.2 million per month, plus a 15 percent allowance.

At the central banking level, the Governor of the State Bank of Pakistan is drawing a monthly salary of Rs4 million, while the President of the National Bank of Pakistan is receiving around Rs9 million per month, according to the official breakdown.

The report also highlights compensation packages in international joint investment institutions. The Managing Director of Pak-Kuwait Investment Company earns approximately Rs15.378 million per month, making it one of the highest reported salaries among the listed entities. The Managing Director of Pak-Oman Investment Company receives about Rs12.884 million monthly, while the Managing Director of Pak-Iran Investment Company earns around Rs9.716 million.

In addition, the Managing Director of Pak-Libya Holding Company Limited is paid roughly Rs8.817 million per month. The documents indicate that several of these positions also include additional perks, allowances, and benefits beyond basic salary.