# NBP president Imran Sarwar gets Rs 9.5 million a month, two cars and Rs 30 million life cover

Source: Searchable (https://searchable.pk/news/business/nbp-president-imran-sarwar-gets-rs-95-million-a-month-two-cars-and-rs-30-million)
Type: News article
Author: Searchable Editorial
Published: 23 Oct 2026
Updated: 23 Oct 2026
Retrieved: 25 Oct 2026

> Shareholders of the state-owned National Bank of Pakistan have approved a three-year pay package for its new president. Here is every item in it, and what it adds up to.

**Imran Sarwar, the new president and chief executive of the National Bank of Pakistan (NBP), will be paid a gross salary of Rs 9.5 million a month**, plus a Rs 1 million monthly house rent allowance, two cars and Rs 30 million of life cover, under a package NBP's shareholders have approved, [Business Recorder reported](https://www.brecorder.com/news/40445612/nbp-chief-to-get-rs95mn-monthly-salary-rs30mn-life-insurance-two-cars) from the bank's filing with the Pakistan Stock Exchange on Friday 23 October.

The package runs from the day he took office, **9 September 2026**, to 2029 and stays fixed for the contract. It was approved under Section 11(3)(a) of the Banks (Nationalization) Act, 1974, and is subject to tax.

## The package, item by item

| Item | Amount |
|---|---|
| Gross salary | Rs 9.5 million a month |
| House rent allowance | Rs 1 million a month (instead of a staff home loan) |
| Annual bonus | Variable, tied to targets set by shareholders and judged by the board |
| Cars | Two: one up to 3,500cc, one from the bank's pool |
| Drivers | Two, or Rs 45,000 each a month |
| Domestic staff | Rs 150,000 a month for five staff |
| Security | Four guards at home, 12-hour shifts |
| Generator | Up to Rs 1.5 million |
| Life insurance | Rs 30 million cover, premium split 50:50 |
| Medical and dental | Actual cost, for him and his dependants in Pakistan |
| Gratuity | One month's gross salary per year of service |
| Clubs | Entry fees for two, subscriptions for three |
| Leave | 30 days annual (up to 90 can build up and be cashed) plus 18 days casual and sick |

Utilities, two home phones and two mobile phones are paid at actual cost. At the end of the contract he can buy the 3,500cc car for 10% of its cost or its written-down value, whichever is higher. If the bank ends the contract early, he is paid for the rest of the term; if he resigns, he serves three months of "gardening leave".

## What it adds up to

Salary and house rent alone come to **Rs 10.5 million a month, or Rs 126 million a year**, before the bonus and benefits. Want to see how tax eats into a salary at any level? Try our [income tax calculator](/tools/tax/income-tax-calculator) or the [salary breakdown calculator](/tools/finance/salary-breakdown-calculator).

## Who is Imran Sarwar

Sarwar has more than 36 years in banking in Pakistan and abroad. Before NBP he was Group Executive, Risk and Credit Policy, and Chief Risk Officer at United Bank Limited, and earlier held senior posts at Standard Chartered, including Managing Director and Head of Corporate Banking for the UAE. He has sat on the boards of Khushhali Microfinance Bank and the Pakistan Mortgage Refinance Company.

NBP is the country's largest state-owned bank and handles government receipts, pensions and salaries for millions of public employees.

## Frequently asked questions

**What is the salary of the NBP president?**

Imran Sarwar, president and CEO of National Bank of Pakistan, gets a gross salary of Rs 9.5 million a month plus a Rs 1 million monthly house rent allowance and a performance bonus, under a package approved by shareholders for 2026 to 2029.

## Sources

- NBP chief to get Rs9.5mn monthly salary, Rs30mn life insurance, two cars (23 Oct 2026) (Business Recorder): https://www.brecorder.com/news/40445612/nbp-chief-to-get-rs95mn-monthly-salary-rs30mn-life-insurance-two-cars

How to cite: "NBP president Imran Sarwar gets Rs 9.5 million a month, two cars and Rs 30 million life cover", Searchable, 23 Oct 2026, https://searchable.pk/news/business/nbp-president-imran-sarwar-gets-rs-95-million-a-month-two-cars-and-rs-30-million