How much the State Bank Governor gets paid in Pakistan?

Web Desk 12:26 PM | 12 Feb, 2022
How much the State Bank Governor gets paid in Pakistan?

ISLAMABAD – Alike the top bureaucrats, the State Bank of Pakistan (SBP) Governor is also on a hefty salary as he draws Rs2.5 million per month, a document issued by the Finance Division revealed.

The central bank issued the document in response to questions moved by PML-N Senator Irfanul Haque Siddiqui in the Upper House of parliament.

The Finance Division of SBP cited that Reza Baqir, who had eighteen years of experience with the International Monetary Fund, had been appointed under Section 10(3) of the SBP Act.

Reza receives an annual increment of 10 percent his monthly salary while a furnished and maintained State Bank House was arranged for accommodation.

He also gets two "fully maintained chauffeur driven vehicles" with a petrol ceiling of 600 liters each as follows; 1,800CC local assembled car with the option to buy on book value, 1,600CC local assembled car, per the document.

It also added that the utility expenses of the SBP governor, including electricity, gas, water, and fuel for a standby generator, are provided by the government while 75 percent of the education tuition for the governor's children is also covered.

SBP 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".

He also gets a security system, in addition to full medical facilities. The traveling allowance is also added in perks while post-retirement benefits are also listed.

Web Desk
Web Desk

Daily Pakistan Global Web Desk


USD to PKR: Pakistani rupee remains stable against dollar amid ongoing talks with IMF

KARACHI – Pakistani rupee, which is facing blows in the open market, remained stable against the US dollar, in the inter-bank market on Wednesday.

The local currency moved slightly upward during the opening hours of trading in the inter-bank market. Before noon, PKR was hovering around 285.22, with a slight increase of Rs0.13.

As the situation remained under control in the interbank market, the rupee hits a fresh record low in the open market and was selling at 315 per dollar.

In a recent development, the IMF mission chief shared positive news, confirming that talks are underway with Pakistani authorities. The resumption of the IMF programme remains important for the crisis-hit country.

Today's gold rates in Pakistan – May 31 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 232,300 on Wednesday.The price of 10 grams of 24k gold was recorded at Rs199,160.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 232,300 PKR 2,485
Karachi PKR 232,300 PKR 2,485
Islamabad PKR 232,300 PKR 2,485
Peshawar PKR 232,300 PKR 2,485
Quetta PKR 232,300 PKR 2,485
Sialkot PKR 232,300 PKR 2,485
Attock PKR 232,300 PKR 2,485
Gujranwala PKR 232,300 PKR 2,485
Jehlum PKR 232,300 PKR 2,485
Multan PKR 232,300 PKR 2,485
Bahawalpur PKR 232,300 PKR 2,485
Gujrat PKR 232,300 PKR 2,485
Nawabshah PKR 232,300 PKR 2,485
Chakwal PKR 232,300 PKR 2,485
Hyderabad PKR 232,300 PKR 2,485
Nowshehra PKR 232,300 PKR 2,485
Sargodha PKR 232,300 PKR 2,485
Faisalabad PKR 232,300 PKR 2,485
Mirpur PKR 232,300 PKR 2,485


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