State bosses’ million-rupee salaries revealed

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LAHORE: Finance Ministry documents have revealed that heads of several government and semi-government institutions in Pakistan are receiving monthly salary packages running into millions of rupees, with some exceeding Rs10 million.

The details are likely to draw public attention because the salaries relate to senior positions in regulatory bodies, public banks, investment companies and state-linked institutions funded or overseen by the public sector.

According to the documents, the chairman of the Securities and Exchange Commission of Pakistan is receiving more than Rs3.6 million per month, while the chairman of the Competition Commission of Pakistan is drawing around Rs1.1 million.

The president of Zarai Taraqiati Bank Limited is being paid about Rs5.4 million monthly. The president of EXIM Bank of Pakistan receives Rs5 million, while the president of First Women Bank Limited earns more than Rs2.2 million per month.

The chief executive officer of Pakistan Single Window is receiving around Rs2.6 million, along with an additional allowance of Rs89,000.

The documents further show that the CEO of Pakistan Revenue Automation Limited is drawing Rs5.2 million per month, along with a 15 percent allowance.

The governor of the State Bank of Pakistan is receiving Rs4 million per month, while the president of the National Bank of Pakistan is being paid Rs9 million monthly.

Among investment companies, the managing director of Pak-Kuwait Investment Company is receiving Rs15.378 million per month. The managing director of Pak-Oman Investment Company is drawing Rs12.884 million, while the managing director of Pak-Iran Investment Company receives Rs9.716 million.

The managing director of Pak-Libya Holding Company Limited is earning Rs8.817 million per month, according to the documents. Several heads of investment companies are also receiving additional perks and allowances.

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