Finance Division shares details of SBP governor's salary, perks after senator's inquiry

[FOOLS_NIGHTMARE]

State Bank of Pakistan (SBP) Governor Dr Reza Baqir receives a monthly salary of Rs2.5 million and worked at the International Monetary Fund (IMF) for 18 years prior to his appointment, according to a document issued by the Finance Division on Friday.

The document was issued in response to questions moved by PML-N Senator Irfanul Haque Siddiqui during today's question hour in the upper house.

Later in the day, the Finance Division sent the documents directly to Senator Siddiqui as opposed to presenting them in front of the house, a move that was criticised by the senator.

"It is not appropriate to only give the details to me and not the other members [of the Senate]," Senator Siddiqui said.


According to the documents, that are available with Dawn.com, Senator Siddiqui had asked about the criteria for appointing the current SBP chief as well as his monthly salary and privileges.

In response, the Finance Division said that Baqir had been appointed under Section 10(3) of the SBP Act, 1956 which stated that the "governor shall be appointed by the president for a term of three years, and on such salary and terms and conditions of service as the president may determine, except that neither the salary of the governor nor his other terms and conditions of service shall be varied to his disadvantage after his appointment".

It also stated that the governor received a monthly salary of Rs2.5m and attached a list of other perks and perquisites.

According to the list, the governor receives an annual increment that is 10 per cent of his monthly salary. For accommodation, the state bank governor receives either the "furnished and maintained" State Bank House or rent allowance with furnishing and maintenance as approved by the SBP board.

For transport, the governor gets two "fully maintained chauffeur driven cars" with a petrol ceiling of 600 litres each as follows; 1,800CC local assembled car with the option to buy on book value, 1,600CC local assembled car.

The utility expenses of the SBP governor, including electricity, gas, water and fuel for a standby generator, are provided by the state bank. In addition, 75 per cent of the education tuition for the governor's children is also covered.

The governor also gets free landlines/mobile phones and internet access.

For domestic help, the governor is entitled to "reimbursement of actual salary paid for up to four servants of Rs18,000/head with periodic reviews of the subsidy by the HR committee as per requirement".

The governor is also entitled to round the clock security "as per requirement", including security guards and a security system, in addition to full medical facilities "as per SBP rules".

Baqir also gets three leaves per month with "leave encashment facility of up to six months on the competition of the tenure" while the gratuity is "one month monetised salary for each completed year of service on last drawn salary".

His travelling allowance is "as per SBP rules/approved by the SBP board" while post-retirement benefits are also listed as "as approved by the SBP board".

Under relocation expenses, air tickets for the governor and his family are covered.

Senator Siddiqui had also asked whether the current SBP chief was a former employee of the IMF, and the length of time he was associated with the international lending agency.

The Finance Division wrote that prior to Baqir's appointment as the state bank governor, he worked at the IMF for 18 years.

Finance Division shares details of SBP governor's salary, perks after senator's inquiry

PML-N senator had asked about criteria for appointing the current SBP chief as well as his monthly salary and privileges.

www.dawn.com

 

[AMG_12]

A guy of his calibre will get paid much more in the west. He’s entitled to it given he’s a technocrat with highly relevant prior experience unlike most of our bureaucrats who are political appointees and a shame to our institutions.

 

[Turingsage]

Head of state bank of India earns 28.95 lakh Rupees annually. No servants and has to pay own bills.
But then we are a small economy nearly $3 Trillion.

 

[PradoTLC]

Head of state bank of India earns 28.95 lakh Rupees annually. No servants and has to pay own bills.
But then we are a small economy nearly $3 Trillion.

May be he is india educated and didn’t work in top western institutions?


2.5M is peanuts .. I make more than that

I say we got a bargin

A guy of his calibre will get paid much more in the west. He’s entitled to it given he’s a technocrat with highly relevant prior experience unlike most of our bureaucrats who are political appointees and a shame to our institutions.

Not only in west but also in middle or south east Asia .. top notch professionals like him commands fantastic pay packets

 

[blueazure]

while pakistani nation gets crushed under inflation and making ends meet, here is the salary /compensation of Mr reza baqir, our autonomous state bank czar , sorry , governer

source

https://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1109024358&Issue=NP_LHE&Date=20220212

---------------



from the above link



1 . monthly salary = 25 lacs ( annually 10 percent increase)

2 . furnished house + 2 cars w driver ( all maintenance of house on state expense )

3. 600 litre petrol per month

( to give an idea, the fuel allowance for armed force brigadier staff car is = 80 liters/mon , this 80 liters is more than enough for home-office , office -home commute, staff car is strictly for officer use and any misuse/abuse by family is reported to authorities , action taken as well)

4 . FOUR x domestic servants

5 . 75 Percent fees of kids school on state expense . ( bc salary kam hai pehlay hi ?)

6 . house security - surveillance + guards + domestic servants paid by state

7. the czar, sorry , governor is allowed 3 days off every month ,





other perks like air travel , club membership = also borne by state



-----------

even PM doesn't get these perks ,

@AZ1

still paying taxes ?

 

[fitpOsitive]

Dedicated to the leaches on the body of Pakistan. Ay Allah ya tu in haramion ko uthaly ya phir mujhe:

 

[waqasmwi]

while pakistani nation gets crushed under inflation and making ends meet, here is the salary /compensation of Mr reza baqir, our autonomous state baper/PoPupwindow.aspx?newsID=1109024358&Issue=NP_LHE&Date=20220212

---------------



from the above link



1 . monthly salary = 25 lacs ( annually 10 percent increase)

2 . furnished house + 2 cars w driver ( all maintenance of house on state expense )

3. 600 litre petrol per month

( to give an idea, the fuel allowance for armed force brigadier staff car is = 80 liters/mon , this 80 liters is more than enough for home-office , office -home commute, staff car is strictly for officer use and any misuse/abuse by family is reported to authorities , action taken as well)

4 . FOUR x domestic servants

5 . 75 Percent fees of kids school on state expense . ( bc salary kam hai pehlay hi ?)

6 . house security - surveillance + guards + domestic servants paid by state

7. the czar, sorry , governor is allowed 3 days off every month ,





other perks like air travel , club membership = also borne by state



-----------

even PM doesn't get these perks ,

@AZ1

still paying taxes

There's only 1 Governor of State Bank in Pakistan. So not a big deal. Aap kya chahty ho k 20000 maheeny pr rakhain?

 

[blueazure]

There's only 1 Governor of State Bank in Pakistan. So not a big deal. Tum kya chahty ho k 20000 maheeny pr rakhain?

b.s

there is also 1 army chief and 1 PM

PM khan ki salary pata hai ?

Dedicated to the leaches on the body of Pakistan. Ay Allah ya tu in haramion ko uthaly ya phir mujhe:

brace yourself

PTI fanboys about to flood this thread - will justify this expense from the exchequer !

 

[AZ1]

while pakistani nation gets crushed under inflation and making ends meet, here is the salary /compensation of Mr reza baqir, our autonomous state bank czar , sorry , governer

source

https://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=1109024358&Issue=NP_LHE&Date=20220212

---------------



from the above link



1 . monthly salary = 25 lacs ( annually 10 percent increase)

2 . furnished house + 2 cars w driver ( all maintenance of house on state expense )

3. 600 litre petrol per month

( to give an idea, the fuel allowance for armed force brigadier staff car is = 80 liters/mon , this 80 liters is more than enough for home-office , office -home commute, staff car is strictly for officer use and any misuse/abuse by family is reported to authorities , action taken as well)

4 . FOUR x domestic servants

5 . 75 Percent fees of kids school on state expense . ( bc salary kam hai pehlay hi ?)

6 . house security - surveillance + guards + domestic servants paid by state

7. the czar, sorry , governor is allowed 3 days off every month ,





other perks like air travel , club membership = also borne by state



-----------

even PM doesn't get these perks ,

@AZ1

still paying taxes ?

Ex president also having to good perks, judges never deliver justice yet enjoying perks.

If i dont pay my income tax, some other salary person will have to bear my burden and i will be answerable to it.

 

[waqasmwi]

b.s

there is also 1 army chief and 1 PM

PM khan ki salary pata hai ?



brace yourself

PTI fanboys about to flood this thread - will justify this expense from the exchequer !

Army Chief or PM k perks ka pata hai?

 

[blueazure]

Army Chief or PM k perks ka pata hai?

salary itni nahi hai bhai

------

 

[waqasmwi]

salary itni nahi hai bhai

------

Sirf salary ko na dakhain . Main aap ko 1 department main Rtd. Col ki salary or Perks batata hoon phr aap khud comparison kr lijiye ga

 

[fitpOsitive]

There's only 1 Governor of State Bank in Pakistan. So not a big deal. Tum kya chahty ho k 20000 maheeny pr rakhain?

There is only one direct finance division
There is only one chief of army staff
There is only one head PIA
There is only one dg planning commission
There is only one director fwo
There is only one dg nca
There is only one bla and bla
Combine only their salaries. And then salaries of just below them.

IMF se loan lyker Pakistan in logon ki salaries dyta Hai.

 

[AZ1]

There is only one direct finance division
There is only one chief of army staff
There is only one head PIA
There is only one dg planning commission
There is only one director fwo
There is only one dg nca
There is only one bla and bla
Combine only their salaries. And then salaries of just below them.

IMF se loan lyker Pakistan in logon ki salaries dyta Hai.

kisi aik ki bhi salary kum karo ge wo court jayega aur judge allow kareyga because

ISLAMABAD: The salaries of 134 Supreme Court and high court judges can reach up to Rs159 million a month, besides assigned chauffer driven cars, 500 litres of fuel and Rs65,000 or above as house rent, wrote Law and Justice Minister Zahid Hamid to the Senate in reply to a question from Senator Karim Ahmed Khawaja.

High courts

The document further stated that high court chief justices receive Rs784,608 per month as salary and an additional Rs296,477 as their superior judicial allowance and Rs65,000 as house rent if official residence is not provided.

There are five chief justices, including the one for Gilgit Baltistan and they collectively draw Rs6.48 million per month.

Similarly judges in the high court draw up to Rs754,432 per month as salary, Rs296,477 as superior judicial allowance and are compensated if official residence is not provided.

Pakistan’s top judge makes Rs8.9 million annual salary | The Express Tribune

Law minister updates senators on salaries and allowances of top court judges.

tribune.com.pk

@blueazure

 

[fitpOsitive]

kisi aik ki bhi salary kum karo ge wo court jayega aur judge allow kareyga because

ISLAMABAD: The salaries of 134 Supreme Court and high court judges can reach up to Rs159 million a month, besides assigned chauffer driven cars, 500 litres of fuel and Rs65,000 or above as house rent, wrote Law and Justice Minister Zahid Hamid to the Senate in reply to a question from Senator Karim Ahmed Khawaja.

High courts

The document further stated that high court chief justices receive Rs784,608 per month as salary and an additional Rs296,477 as their superior judicial allowance and Rs65,000 as house rent if official residence is not provided.

There are five chief justices, including the one for Gilgit Baltistan and they collectively draw Rs6.48 million per month.

Similarly judges in the high court draw up to Rs754,432 per month as salary, Rs296,477 as superior judicial allowance and are compensated if official residence is not provided.

Pakistan’s top judge makes Rs8.9 million annual salary | The Express Tribune

Law minister updates senators on salaries and allowances of top court judges.

tribune.com.pk

@blueazure

Allah Pakistan ki hifazat Kary.