The State Bank of Pakistan has increased the salaries of its employees by 30 percent, with effect from July 1, 2023.
The decision was taken during a meeting of SBP’s Board of Directors, chaired by State Bank Governor Jameel Ahmed, reports a news channel.
Sources claimed that BPS1-8 employees with pension got 15pc increase in their salaries while the salary of non-pensionable BPS2 officers increased by 30pc.
Moreover, the salary of BPS3-5 officers without pensions has been increased by 25pc.
The salary of non-pensionable BP6 officers has been increased by 20pc while the salary of non-pensionable officers of BPS7-8 increased by 15pc.
Earlier in November, Senators had raised concerns over the ‘hefty salaries’ of SBP employees, with State Bank governor getting a salary of Rs4 mln/month.
During a session, Senators said it has been revealed that the SBP governor, who is a grade-8 employee, is getting Rs4 million monthly salary.
“We are getting a monthly salary of Rs160,000 and a grade 8 employee of the SBP is getting Rs4 a monthly salary”, the Senators asked.
