NBP chief to get Rs9.5mn monthly salary, Rs30mn life insurance, two cars
The shareholders of National Bank of Pakistan (NBP) have approved a compensation package for President and Chief Executive Officer (CEO) Imran Sarwar, effective from the date he assumed office on September 9, 2026. The listed bank informed in a regulatory filing at the Pakistan Stock Exchange (PSX) on Friday. The package was approved under Section 11(3)(a) of the Banks (Nationalization) Act,…
National Bank of Pakistan (NBP) shareholders have approved a substantial compensation package for Chief Executive Officer Imran Sarwar, effective from his appointment on September 9, 2026. The approved terms span from 2026-2029, with Sarwar to receive a gross monthly salary of Rs9.5 million. This remuneration also includes a variable annual performance bonus, contingent on key performance indicators, and a house rent allowance of Rs1 million monthly.
He will also get two vehicles, one of which he can purchase at 10% of its cost or written-down value, with two drivers provided or a salary reimbursement of Rs45,000 per month. Sarwar will also receive a life insurance cover of Rs30 million during his tenure, along with gratuity, medical coverage, and club memberships. The package remains fixed during his contract, and in case of separation, he will receive a salary equivalent to one month of his last drawn gross salary for each year of service.
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