Documents submitted to the Ministry of Finance have revealed that several heads of state-owned financial institutions and joint investment companies are receiving monthly salaries running into millions of rupees.
The highest salary on the list belongs to the Managing Director of Pak-Kuwait Investment Company, who receives around Rs. 15.38 million per month. The Managing Director of Pak-Oman Investment Company earns approximately Rs. 12.88 million monthly.
According to the documents, the Managing Director of Pak-Iran Investment Company receives about Rs. 9.72 million per month, while the head of Pak-Libya Holding Company earns nearly Rs. 8.82 million.
The President of the National Bank of Pakistan is drawing around Rs. 9 million per month. Meanwhile, the Managing Director of National Investment Trust Limited receives roughly Rs. 6.4 million, and the head of Pak-China Investment Company earns about Rs. 6.04 million monthly.
The President of Zarai Taraqiati Bank Limited receives over Rs. 5.46 million per month, while the President of EXIM Bank earns nearly Rs. 4.99 million.
The documents also show that the Governor of the State Bank of Pakistan receives a monthly salary of Rs. 4 million, while the Chairman of the Securities and Exchange Commission of Pakistan earns more than Rs. 3.65 million.
Among other institutions, the CEO of Pakistan Revenue Automation Limited earns around Rs. 5.2 million per month along with a 15 percent mobility allowance. The CEO of Pakistan Single Window receives approximately Rs. 2.65 million in salary in addition to allowances and other benefits.
The records further show that the Managing Director of Pak-Brunei Investment Company receives around Rs. 4.22 million monthly, while the chief executive of Saudi Pak Industrial and Agricultural Investment Company earns nearly Rs. 3.7 million.
In comparison, the Managing Director of Pakistan Mint receives Rs. 372,418 per month, including fringe benefits.
The documents state that several executives are also entitled to additional perks and allowances approved by boards or the federal government.
