Expensive governor



February 19, 2022


IMF-gifted whiz kid or the governor of the State Bank is paid a hefty monthly salary of Rs.2.5 million though the length of career at his parent organisation was 18 years, a length of service needed for an officer of government of Pakistan to qualify getting in grade-20 fetching a pittance compared to this highly-touted international financial wizard. The governor receives an annual increment of 10 per cent of his monthly salary (Rs.250,000) and lives in State Bank House (a wonderful house in the vicinity of the residence of US Consul General in Karachi). He gets two fully maintained chauffeur driven 1800cc cars with a petrol ceiling of 600 litres with the option to buy on book value a 1,600cc car. His utility expenses including electricity, gas, water and fuel for a standby generator are provided along with 75 per cent of the education tuition for his children. He also gets free landlines/mobile phones and internet access along with reimbursement of actual salary paid for up to four servants of Rs.18,000 per head. He is provided round the clock security including security guards and a security system in addition to full medical facilities. The most coveted former governor GIK would certainly turn in his grave. TW


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