NBP CEO to Receive Rs. 11 Crore Annual Salary Plus Benefits

National Bank of Pakistan (NBP) President and Chief Executive Officer Imran Sarwar will receive a gross monthly salary of Rs.

Key points

• Before joining NBP, he served as Group Executive for Risk and Credit Policy and Chief Risk Officer at United Bank Limited.
• Sarwar was appointed NBP president and CEO for a three-year term effective September 3, 2026.
• The listed bank disclosed the package in a regulatory filing at the Pakistan Stock Exchange on Friday.
• While the second will be selected from the bank's existing vehicle pool, one can have an engine capacity of up to 3, 500cc.
• Sarwar will receive 30 days of annual leave and 18 days of casual and sick leave each year.

For context, the listed bank disclosed the package in a regulatory filing at the Pakistan Stock Exchange on Friday. The terms cover 2026 to 2029 and are subject to applicable taxes. PSX Confirms Full Refunds for SE Fruits IPO Investors.

Sarwar will additionally receive a variable annual performance bonus based on key performance indicators approved by shareholders and assessed by the board. The package includes a monthly house rent allowance of Rs. 1 million in lieu of a concessional staff home loan.

In practice, the bank will cover utility bills, provide two residential telephone connections and two mobile phones, and arrange four security guards working 12-hour shifts at his residence. It will additionally reimburse Rs. 150, 000 per month for five domestic staff. Two Cars, Medical Cover and Insurance.

Notably, the package entitles Sarwar to two vehicles. While the second will be selected from the bank's existing vehicle pool, one can have an engine capacity of up to 3, 500cc. At the end of his contract, he can purchase the designated vehicle for 10 percent of its original cost or written-down value, whichever is higher.

NBP will provide two drivers or reimburse their salaries at Rs. 45, 000 per driver per month.

Other benefits include a residential generator costing up to Rs. 1.5 million, with the cost amortised over the contract period, and medical and dental coverage and his dependent family members in Pakistan at actual cost.

Notably, the package additionally provides life insurance coverage of Rs. 30 million during the contract. Sarwar and the bank will each pay 50 percent of the annual insurance premium. Leave, Gratuity and Club Memberships.

Sarwar will receive 30 days of annual leave and 18 days of casual and sick leave each year. Annual leave can accumulate to 90 days and may be encashed at his last-drawn gross salary.

Meanwhile, the bank will pay gratuity equivalent to one month of his last-drawn gross salary for each year of service. It will additionally cover the entry fees for two clubs and subscription charges for three clubs.

For context, the compensation package will remain fixed throughout the contract period. If NBP terminates his employment before the agreement expires, payment for the remaining term will be governed by the approved contract's terms and conditions. In case of resignation, Sarwar will be required to take three months of gardening leave as part of his notice period. MCB Bank Announces Rs. 41 Billion 9-Month Profit.

Sarwar was appointed NBP president and CEO for a three-year term effective September 3, 2026. When he assumed office, the compensation filing states that the approved package applies from September 9, 2026.

Before joining NBP, he served as Group Executive for Risk and Credit Policy and Chief Risk Officer at United Bank Limited. Stay Connected with ProPakistani.

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In short, NBP CEO to Receive Rs. 11 Crore Annual Salary Plus Benefits is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.