SBP Governor and deputies' pay and benefits up 94% to Rs 182.5 million in FY26, as SBP profit falls 20%

The State Bank of Pakistan paid its Governor and three Deputy Governors Rs 182.53 million in salaries and benefits in FY26, up 94% from Rs 93.97 million in FY25, according to the central bank's annual financial statements, ProPakistani reported on Sunday 11 October 2026. That is an increase of Rs 88.55 million in a single year for four people. The figures cover the year to 30 June 2026.

The numbers

Across all four groups, pay rose by about Rs 193.5 million in FY26. The statements as reported do not split the top figure between the Governor and the deputies, or between basic salary, allowances and other benefits, so a per-person salary cannot be worked out from them. Averaged over four people, it comes to roughly Rs 45.6 million a year, or about Rs 3.8 million a month each, but the Governor's share is likely to be higher than the deputies'.

At the same time, profit fell

The SBP's reported profit fell by Rs 507 billion, or about 20%, to Rs 1,992 billion in FY26, from Rs 2,499 billion the year before. Most of that profit is passed to the federal government and counts towards its non-tax revenue, so a smaller SBP profit leaves a bigger hole for the budget to fill. The report does not give the reasons for the fall; the policy rate, which drives much of what the bank earns, now stands at 11.5%.

Who sets the pay

The Governor is appointed by the President and the Deputy Governors by the federal government. Pay for non-executive board members is set by the appointing authority. The SBP has not commented publicly on the reasons for the increase.

What it means for you

If you want to see what any salary means after tax, our income tax calculator and salary breakdown calculator use this year's FBR slabs. The full statements are on the SBP's annual reports page.