The new package also includes a new vehicle, with the option to purchase the car at 10% of its cost upon the completion of the contract.
NBP unveils new president’s extraordinary 7-digit monthly salary package, The National Bank of Pakistan (NBP) has approved a new, highly lucrative salary and benefits package for its President and CEO, Rehmat Ali Hasnie, with a total monthly salary of Rs 9 million. This move has sparked considerable attention given the substantial increase in compensation.
According to reports, Hasnie’s new salary package includes not only the massive monthly salary but also an array of additional benefits. These include a house rent allowance of Rs 1 million per month, replacing the concessional staff home loan, as well as performance bonuses tied to key performance indicators (KPIs) approved by the bank’s shareholders.
Other features of the package are extensive and include high-end security and luxury provisions. Hasnie will be provided with two landline phones, two mobile phones, and the cost of their monthly bills. The package also covers the deployment of four security guards at his residence, with two guards per 12-hour shift. Additionally, the bank will reimburse the salaries of five household staff members at Rs 150,000 per month.
The new package also includes a new vehicle, with the option to purchase the car at 10% of its cost upon the completion of the contract. For added convenience, Hasnie will be provided with two drivers, or the bank will reimburse their salaries at Rs 35,000 each per month.
Hasni’s benefits extend to his personal and family well-being as well, with full medical and dental coverage for himself and his dependents within Pakistan. The package also includes life insurance coverage worth Rs 30 million, with the premium shared between Hasni and the bank. Furthermore, Hasni is entitled to 30 days of annual leave, 18 days of casual/sick leave, and the ability to accrue and cash up to 90 days of leave.
Additional perks include club memberships, with the bank covering the entry fees for one club of Hasni’s choice and paying subscription fees for up to three clubs. In the event of contract termination, the bank will offer a three-month notice period or equivalent salary in lieu of notice. If Hasni resigns, he must provide three months’ notice or pay an equivalent salary.
