highest paid ceo in pakistan 2023

CEO Salary in Pakistan The average ceo salary in Pakistan is Rs 12,729,858 or an equivalent hourly rate of Rs 6,120. The world's richest person also received the highest CEO compensation in 2021. Shell will also make at least $5 billion in share buybacks in H2. In 2018, he was appointed president and CEO of the bank. The company has recently cut costs after losing subscribers as the world re-opens after the pandemic. The current CEOs predecessor was a woman, Sima Kamil, who was not paid nearly as much as the bank is paying their CEO now. Kotick became CEO of Activision in 1991. 340 million. The remaining banks expect a few such as Samba Bank and BankIslami usually pay an annual salary package of less than Rs. ROA Rank: 12 Again, Shahid Khan is also the owner of the Jacksonville Jaguars of the National Football League, Fulham F.C. 14.9 billion with a growth of 8 percent from last year, which is also the highest-ever profit made by the bank. The bank also made significant progress on the technological front. Average Rank: 3. The AI then weights the Kits holdings as needed to help you build wealth. In fact Shoaib Mumtaz took charge as acting president and CEO of MCB Bank on December 21, 2021. You may opt-out by. He is a seasoned professional with over three decades of diverse banking experience. Under his management, the bank became the most profitable bank in 2022 with profits soaring to a record level of Rs. MCB Bank's CEO Imran Maqbool was the second-highest paid at Rs84.7 million, up 14.9 per cent from a year ago. Here is a brief review of their performances of the last year and the handsome salary packages they are drawing from the banks against their. Here is an overview of Pakistans top bankers and their salaries. The least paid CEO on the list is Bank of Khybers Muhammad Ali Gulfaraz who makes Rs33.616 million a year, and Rs2.8 million a month. Net Worth 2023 $1.2 billion. Shazad Dada President and CEO of United Bank LimitedShazad Dada is one of the highest-paid bankers in Pakistan. Allowing ads from Telefeeds will help its team, author, and editors to deliver more valuable and authentic news to you. 427 million in 2019. Revenue rose 89.1% in 2021, driven by the company's REGEN-COV antibody treatment for prevention and treatment of COVID-19. 1.4 billion were paid by the bank at the EVP level. A seasoned professional, Aurangzeb probably has one of the toughest jobs in Pakistans banking industry. Yearly salary: Rs 128.53 million All these gentlemen pay 35% tax which is slightly more than 1/3rd. I once again find myself personally spending way too much time both reading and leaving comments Mansoor Ali Khan, President and Chief of Bank AL Habib, received a 29% pay increase in 2022, amounting to Rs. He was paid an amount of Rs. Prior to rejoining Bank Alfalah in February 2020, Bajwa was appointed the president and CEO of the Bank of Punjab. 12 Highly Paid Bank CEOs in Pakistan (2020), Al Baraqa Bank: List of Closed Branches during COVID-19 Lock Down, Al Baraqa Bank: List of Opened Branches in Covid-19 Lock down, Best Ways To Earn Money Online in Pakistan, Oriflame Money Reward Scam on Social Media, AdSense stops the support for Western Union as a Payment Method, Install IDM Extension in Chrome [Working Method], List of top graphic designing institutes in Pakistan, Online Shopping Sites with Free Home Delivery in Pakistan, List of best Software Engineering Universities in Pakistan, PI Pro planning to Offer Cross-Border Investigation Services, Best Solutions to reduce load shedding in Pakistan. Shell also confirmed that while its three-year $10-$15 billion investment plan for renewable energy techs such as hydrogen and electric vehicle charging remains unchanged, it will spend $40 billion on oil and gas in the same period. Have a look at the list from our most recent discoveries; Lastly, here are the 10 wealthiest people in the UK, United Kingdom in 2023. She not only tackled it well but the bank also avoided the heavy penalty of millions of Dollars from the authorities in New York under her management. The bank also witnessed growth in deposits, assets, and the network of branches in 2022. 124 million reported in 2021, showing an increase of Rs. Muhammad Aurgenzeb - Habib Bank Limited With a Rs. redistributed or derived from. They are still all making a pretty penny, and their respective ranks on scales have been given in the attached graphs, but they are not in the top slots. Total quarterly revenues were up 17% year-over-year in USD and up 18% in constant currency to $13.8 billion. Apple finished the year with a gargantuan $95 billion in profitsoutperforming every other U.S. company on that front. 400 million to Rs. To determine this. Here are the top 10 highest-paid CEOs in Pakistan's financial industry: Irfan Siddiqui - President and CEO of Meezan Bank Irfan Siddiqui is the highest-paid executive in the Pakistani financial industry. Hussain was appointed as the CEO and president of Faysal Bank in 2017. Mr. Mansoor is a member of the Council of the Institute of Bankers Pakistan. New CEO Wael Sawan is clearly keen to make a mark and renew investor confidence after a series of unprofitable renewable energy projects. Nathani is a seasoned corporate banker with more than two decades of experience and has been the CEO of Habib Metro Bank for the past four years. That is a salary of nearly Rs 3 crores a month. Pakistans highest paid CEO, Dada, Ranks at number 7 with an average score of 7.5, scoring the 5th rank in ROA, and the 10th in ROAE. Musk did not respond to Fortune's requests for comment. He. 14.9 billion, an 8% growth from the previous year, which is also the highest ever profit made by the bank. 47 million in 2022. The secret ingredient? Imran Maqbool served as President & Chief Executive Officer of MCB Bank Limited. 14 billion, making him seventh highest paid banker in the country. ROAE Rank: 10 MCB Bank held the title of most profitable bank in Pakistan for straight two years under Imran Maqbools leadership. 37 million. Shells shareholder woes stem from its valuation, which trades lower than its US counterparts. Muhammad Aurangzeb is the second highest recipient of salary in the banking sector. Rs. Some of the CEOs are now replaced with new ones as in the case of UBL Bank where Sima Kamil is replaced with Shahzad Dada who was the CEO of Standard Chartered Bank. Why is Modi getting global recognition and support? But without further ado, these are the highest paid banking CEOs in Pakistan. ROA Rank: 5 Rafique M. Habib. Base Salary ( PKR) 10% PKR 489k MEDIAN PKR 6m 90% PKR 37m The average salary for a Chief Executive Officer (CEO) is Rs 6,067,822 in 2023. Here he served as CEO of Islamic Banking too. His annual salary of Rs. And finally on the top 10 list of the richest men in Pakistan 2023. All ridiculously well paid. Dilip Shangvi Prakash Sahu Karan Adani Top Indian CEOs and their salary The second highest-paid CEO is Irfan Siddiqui of Meezan Bank. Sundar Pichai. Based on Return on Equity (ROE), Meezan Bank clocks in at number 1, Bank Al Habib at number 2, and surprisingly, Bank of Punjab at number 3. Sheikh has previously been a senior vice president at Dubai Islamic Bank, head of corporate and institutional banking at SCB, and senior director and corporate banking head at American Express. Under his leadership, the bank secured its position among the top ten profitable banks in Pakistan in 2022, reporting a profit of Rs. Richest []. The higher the number, the more efficiently the assets are used by the management to generate profits. Save my name, email, and website in this browser for the next time I comment. 34.45 billion, the highest ever value. Currently, New Zealand is considered a rich country because of its highly developed free market. 19.84 billion reported in 2022, 45 percent higher than the previous year. Last year, his bank stood at the 5thposition on the list of the most profitable banks, and he stood at 2ndin the list of the highly paid CEOs. Currently, UBL is the bank paying their CEO the most. Physical therapists are trained in their service and are charging quite hefty amounts per session. July . Mansoor Ali Khan leads the quickest growing bank as far as customers, branches and services are concerned. She became co-CEO with Mark Hurd in 2014. Banks talk a big game about financial inclusion, a big part of which is bringing women into the fold of banking. Yousaf Hussain got an annual raise of Rs. 278 million for every annum to the bank. The list of highest-grossing Indian films released in 2023, by worldwide box office gross revenue, are as follows: Denotes films still running in cinemas worldwide Implies that the film is multilingual and the gross collection figure includes the worldwide collection of the other simultaneously filmed version. The company faced challenges because of the global chip shortage, but successfully began manufacturing the equipment in-house. HIGHEST-PAID EXECUTIVE: Elon Musk of Telsa is currently on top of the CEO pay list, having received $6.66 billion executive pay in 2020, according to Bloomberg. He was also the country manager for ABN Amro Bank and the chairman of the Pakistan Business Council. This helps take into account any sharp changes in the equity and gives a fair review. He has banking experience of 25 years in global corporate and investment banking. The highest paid banking CEO in 2021, he is currently the president and CEO of UBL. Nadella has headed that list since 2017. 269 million. In the banking and corporate sector, Shahzad Dada is a very prestigious name. This Kit benefits from Q.ais Portfolio Protection feature, which helps assess for risk and deploys hedging strategies to help give you peace of mind. ECOPETROL. To determine a final tally we have averaged out the ranks on both of these scales and compared them to how high the CEO in question is placed on the salary scale. Being a President and CEO of public sector bank owned by the provincial government, Zafars salary stands far higher than the president of the National Bank of Pakistan. 215 million in 2019. Despite the fact that his bank not among the top ten as far as profitability is concerned but his past experience made his worth very high. He is the founding president of the bank who started the business of the bank from scratch, setting up the foundation of modern Islamic banking in Pakistan. ROA Rank: 1 Please disable it to continue browsing Telefeeds website. A person working in Pakistan typically earns around 81,800 PKR per month. And if they are, for example, fourth on the list of highest paid CEOs it means they are possibly underpaid. Shazad Dada is considered among the most highly-paid bankers in Pakistan. You have entered an incorrect email address! Average Rank: 9. ROA Rank: 4 HBLs CEO, Muhammad Aurangzeb is the third highest paid CEO in Pakistan raking in Rs265.663 million in 2021. His experience also includes a senior role with Samba Bank as the country head, global transaction services business and earlier assignments with Mashreq Bank and Mobilink. We've detected an ad or JS blocker in your browser. This graph shows a ranking of the 10 highest-paid CEOs in the United States in 2021. Before Soneri, he was the president and CEO of MCB Islamic Bank Ltd. Ashai has a diversified experience in banking with a career spanning 27 years working at domestic and international financial institutions. To determine this, Profit has ranked banking CEOs and Presidents in order of how much money they make but with a caveat what is the return on investment that these high salaries give to the bank? 1. ROAE Rank: 8 225 million in 2022 compared to Rs. Heading these banks are 31 CEOS or Presidents. Worried about risk? "Performance, discipline, and simplification will be our guiding principles," said CEO Wael Sawan at the event. ( Editor's note: The CEO list is a joint product of the SVBJ and the San Francisco Business . Under his leadership, the bank reported an all-time high profit of Rs. He has worked at senior positions at Citibank, American Express Bank and Dubai Islamic Bank. CEO pay dwarfs that of the average employee. 116 million higher than what he earned in the last year (Rs. No reasonable value of money can be paid on leadership for example. Masud has adopted a strategy to transform his bank to work like a private bank in terms of service quality and technological implementation. Theres a chance the short-term focus on oil and gas production, instead of weathering the storm with the much less developed renewable energy sector, could affect Shells long-term future. Revenue rose 24.7% percent in 2021. Rehan Shaikh President and CEO Standard Chartered Bank. Mansoor Ali Khan got a raise of Rs. . In this article, we shall share with you the Rich List of the top 10 richest men or people in Pakistan in 2023 today. Salesforce's acquisitions of MuleSoft, Tableau, and Slack have helped fuel growth in recent years. Atif Bajwa President and CEO of Bank AlfalahAtif Bajwa is known for his expertise in the local market. Who are the movers and shakers of the industry? 1. Rs. Those that focus on hitting net zero targets and renewable energy tech havent seen the rewards yet, while ESG investors still see the global conglomerates as far too oil and gas-focused to consider themselves an ESG stock. The annual salary which included a severance package, and performance analyzed related to Imran Maqbool who completed his term as president and CEO on December 20, 2021. Shareholder distributions are set to rise to 30%-40% of cash flow from operations, up from the previous 20%-30% target, beginning with a 15% rise in its dividend per share from the second quarter. He holds a Masters Degree in Business Administration (Banking & Finance) and has a vast experience in commercial banking. Most S&P 500 companies said their median worker was paid more in 2022, and about 100 of them said pay rose at least 10%. Bajwa is a veteran banker and his job at Bank Alfalah is not his first time as CEO, nor his first time being the CEO at Alfalah. He then moved to JS bank as the Senior Executive Vice President and group head for treasury, investment banking, and financial institutions. But while the big-boys of banking splash around in the big-bucks that they are making, there are two big questions? 12.6 billion was eventually made, which was also the highest in the banks history, because he effectively pushed the bank towards progress under his three year term. Under his leadership, the banks profits reached an all-time high of Rs. Average Rank: 11. Shahid Khan is known as the Pakistani-born American Billionaire. Then there is the fact that the key-performance-indicators (KPIs) that these CEOs are hired on the basis of are rarely public knowledge. G7 neoclimatism to aggravate Global Souths climate challenges, Pakistan: informed makers of public policy needed. The bank consistently made chronicled records under his administration, and the banks positioning improved from the eighth most profitable bank in 2017 to third most profitable bank. Muhammad Aurangzeb President and CEO Habib Bank Limited. He received a salary package of Rs. ROAE Rank: 13 244 million in 2022 compared to Rs. 233 million in 2021 along with benefits and perks. Average Rank: 1. 166 million. copyrighted 2023 The Express Tribune. The full list is below. Tesla ranked 65 on this year's Fortune 500. Under his management, the banks profit surged to an all-time high level of Rs. CEO pay continues to outpace the pay of working people across the country. Imran keeps up a long relationship with MCB Bank, serving the bank as the President and CEO for about seven years. 19.84 billion reported in 2022, 45% higher than the previous year. Finlands University Offering Scholarships for Pakistani Students; How to Apply? 265 million in 2021. Big Six to collectively post record profit of Rs130b, Corporate results: NBP posts Rs20b profit for 2015, Despite tax hike, big banks continue to shine. 144 million in 2022 compared to an income of Rs. Revenue surged 61.4%. Average Rank: 4. That is the order in which we have listed these CEOs. He is relied upon to have the same kind of effect in UBLs operations, services and balance sheet soon. beverage, and transport. Following Bank CEOs are highly paid CEOs of Pakistan as per 2020s reports:-. 166 million. Shazad Dada President and CEO United Bank Limited. 8. Average Rank: 5. 601 million were paid by the bank to Irfan Siddiqui along with other 19 senior bankers he functions with. He has also remained a director at Deutsche Bank. The banking mountain is made out of 31 banks five of which are public sector banks, 22 are private commercial banks, and four are foreign banks. cases, is the highest paid executive in the organization. Mansoor Ali Khan President and CEO Bank AL Habib. Shockingly, he is no more at the bank as he has given back the bank to a same person who was running the bank before him. 2. Malik Riaz. Britain's largest North Sea oil and gas producer, Harbour Energy , is in talks to merge with Gulf of Mexico peer Talos Energy , four people familiar with the matter said on Tuesday. On Wednesday, the International Energy Agency (IEA) released a new report which said while demand for oil was still rising, it would plateau by the mid-2030s as the world transitions to cleaner energy sources. Top 10 Highest Paid CEOs In The World | Capital TVCapital TV is among the leading National News Channels in Pakistan. Under his administration, the establishments of the banking sector were set up which at last brought about the stunning development of the bank in all fields from financial performance to business development. Yearly salary: Rs 187.26 million However, it is disappointing to see that the barriers to entry for female executives continue to be high and mighty.}. 11.4 billion in 2022. As the size of the bank goes smaller, so does the CEOs salary. Net Worth 2023 $8.54 billion. Highest-Paid CEOs. Currently, there are about 10 billionaires in Pakistan who have been listed by CNN, Ugwire, and Forbes magazine. How much does the highest paid banking professional in Pakistan take home every year? Masood has served as regional managing director and CEO for Barclays Bank Southern Africa. He earned an annual salary of Rs. In terms of finances Pakistans banking sector, is quite often in the greens. He was the president of the bank for over five years before he resigned in 2017 for personal reasons. 194 billion reported in 2021, showing a salary raise Rs. Shahid Khan. PHOTO: NEWSTRIBE KARACHI: The outgoing CEO of United Bank was the highest-paid banker in Pakistan, as his annual remuneration clocked up at a whopping Rs20 million in 2014. 116 million higher than what he earned last year. Meanwhile, the average U.S. worker saw a wage increase of $1,303 per year over the past decade, earning on average just . 113 million in 2018. Cook has been CEO of Apple Inc. since 2011. What some outside the industry may not know is that banking is one of those professions where being a company-man is not a point of professional pride nor a good career move. 10# Aviation Manager. Despite being the 10th highest paid CEO in Pakistan, Mansoor Ali Khan got some of the highest performance marks in our ranking coming in at an overall second place on the bang-for-buck scale. Never the less customer services of Habib Metro Bank are far better better than other banks. Q4 NetSuite Cloud ERP (SaaS) Revenue $0.7 billion, up 22% in USD, up 24% in constant currency. The error is regretted. The real workers and credit-holders are no doubt the actual field workers, the master minds in the role of assistance, strategy makers, and more under these leaders. Income Sources: Jacksonville Jaguars, Fulham F.C., Flex-N-Gate, LLC, Toronto Four Seasons, All Elite Wrestling. Check these too. 1. Net Worth 2023 $1.53 billion. YOU CAN ALSO SEND YOUR PRESS RELEASES TO THE FOLLOWING EMAIL ADDRESS: 2023 TECHNBIZ PAKISTAN - ALL RIGHTS RESERVED, Ericsson rides the next wave of 5G with new RedCap solution, Ericsson: How is intelligence transforming telecom? In 2021, he earned the highest income from the banking industry, which was Rs. He is a nominee director on the Board of Habib Asset Management Limited and also serves as a Chairman/member of various Internal Committees of the Bank. Atif Bajwa President and CEO Bank Alfalah. Other than microfinance banks and DFIs Pakistans banking industry is profoundly competitive with 25 commercial banks, driven by fabulous leadership, have by and large case to have tapped 20 percent of Pakistans banked populace. Irfan Siddiqui is also founding President of the first and the leading Islamic bank of Pakistan. Yousaf Hussain, President and Chief of Faysal Bank. Ali was appointed as the president and CEO of Bank Islami in October 2018. Microsoft did not respond to a request for comment. Highest-paid CEOs in the U.S. 2021. 422 million in 2022, which is 37% or Rs. Shells short-term outlook still looks uncertain. He is the only Pakistani to be invited to the exclusive membership of the Global CEO Council organised by the WSJ/DowJones group. With experience in retail banking, consumer finance, branch banking, cash management, remittance business and corporate and Islamic banking, Sattars career spans over 40 years. Read More: https://propakistani.pk/2023/03/29/here-are-the-10-highest-paid-ceos-in-pakistans-banking-industry/ 29 Mar 2023 07:00:15 He then served as President and CEO of NIB Bank which is a wholly-owned subsidiary of Fullerton Financial Holdings in Singapore. 2. In May, 2020, Masood was approved by the Punjab government to head Bank of Punjab as its president. Bastian, the number-two highest-paid airline CEO in 2022, was awarded total compensation of $9.6 million. Average Rank: 14. Elon Musk, the chief executive of SpaceX and Tesla, topped Fortune's new list of the most highly compensated CEOs on the Fortune 500. Irfan Siddiqui collected a salary package at over Rs. In the past 10 years, CEO pay at S&P 500 companies increased by more than $540,000 a year to an average of $18.3 million in 2021. Using data from the American Federation of Labor and Congress of Industrial Organizations, Stacker listed the 100 highest-paid CEOs in the United States according to what they made in 2019 or 2020 . Many of Nadella's peers likely believe he deserves a huge payday. He, however, excused himself from the position. In 2022, he ranked third with a salary package of Rs. CEO Wael Sawan faced a big task when he first took the top job: Shells performance was behind its rivals, and shareholders werent happy. In 2021, Peter M . 116 million higher than what he earned last year. Top 10 richest people in Pakistan from 2021 to 2023.Most of you have been asking us How many billionaires in Pakistan, Malik Riaz net worth 2023, and Imran Khan net worth 2023. 38 million or 29 percent in his salary which surged to Rs. This position is distinguished from others in that it is the top ranking executive and, in most. 29 million or 21 percent in his salary which surged to Rs. Prior to joining SAMBA in 2013, he worked at UBL where he headed various divisions. The company slid down 11 spots to 91 on the Fortune 500. Here is the list of highest paid persons in Pakistan CEO of NIB, Atif R. Bokhari - Rs 13.35 crore per year CEO of Standard Chartered Bank, Shazad Dada - Rs. Broadcom, which designs and manufactures a wide range of semiconductor and software products, ranked 128 on this year's Fortune 500. The inflation number was the highest annual rate since available data, i.e. Aurangzeb joined HBL in 2018 as the President & CEO. Here is an overview of Pakistan's top bankers and their salaries. Published by Statista Research Department , Jan 3, 2023. The pay package of Alphabet Inc CEO Sundar Pichai awarded him a ranking in the top-earning CEOs of 2023. Check out the photos for a complete look at the list's top 5 highest-paid public company CEOs. You would think the HBL CEO would be the highest paid but he actually comes in at number three. In 2017 he was promoted and made deputy CEO. Schleifer is the co-founder and CEO of Regeneron, a biopharmaceutical company that makes a variety of medications that treat asthma, cancer, chronic pain, and more. 105 million in 2022, which is significantly lower than his predecessors last yearly pay of Rs. 45 million making him fourth highest paid CEO in the country. j9korea.com. Asif Ali Zardari. The author is a business journalist at Profit. In the recent years, the soft-spoken banker is often given the credits for the splendid accomplishment and triumphs recorded by the bank under his leadership, which are the awards of his devotion to the bank and team efforts. Mohsin Ali Nathani earned an annual income of Rs. ROA Rank: 3 Shoaib Mumtaz, President and Chief of MCB Bank, received a pay of Rs. Lets get into the details. Steps to Register .edu.pk Domain in Pakistan, Universities for Software Engineering Program in Pakistan. The lower the ranking, the better the performance of the bank, and as a result of the CEO too. Shells CEO is pulling out all of the stops and making the difficult decisions needed to help the company compete with its US rivals, despite the record profits stemming from the energy crisis. 105 million in 2022. He then spent the next seven years at ABN Amro working as Head of Asian Syndicated Loans business and Head of structured finance Asia. In comparison, US rivals Exxon and Chevron are down in pre-market trading on Thursday, coming in at a -1.2% and -0.9% dip, respectively. The cloud-based customer relationship management platform ranked 136 on this year's Fortune 500. Similar to the previous year, the 2023 edition of the Equilar 100 did not feature a woman among the top 10 highest-paid CEOs. Q.ais Value Vault Kit removes the upfront work, holding a basket of diversified companies that changes weekly according to market conditions. Sattar joined SAMBA Bank in 2013 and is currently its president and CEO. It is not unfortunate. ROA Rank: 1 Tue, 20 Jun 2023 16:15:10 GMT (1687277710876) News; Weather; Local 12 Investigates; . Rs 56,869. In any case, the governing body was allegedly not content with her performance despite the fact that the bank reported reliable development in profitability. She can be reached at. In spite of the fact that his ancestor started this drive three to four years back, he is probably going to close the transformation in 2020 or mid of one year from now. In 2022, the bank also accomplished a task of transformation from a conventional to a Sharia-based banking system under his management. 244 million in 2022 compared to Rs. Macquarie Group CEO Shemara Wikramanayake reclaimed the mantle of the country's highest-paid CEO, with total reported pay of $15.97 million, knocking off the CSL boss Paul Perreault. You can also send your press releases to the following email address. UBL was run by a woman sima kamil and she did absolutely nothing for women education to job culture, Mann.. Thats huge salary.. For how long CEO remains on average in a bank..do they retire.. It is the second bank that saw a decline in profitability among the top ten banks in the country. 32 salaries reported, updated at 13 April 2023. and last updated 2023-06-13 06:54:00-04 RICHMOND, Va. -- It was a year of ups and downs when it came to CEO pay at the Richmond region's publicly traded companies in 2022. Net Worth 2023 - $0.95 billion. In summary, below is a list of the top 10 richest people or men in Pakistan from 2022 to 2023. Mian Muhammad Nawaz Sharif. He started his career at CitiBank where he worked as a relationship manager for their corporate clients. His annual income of Rs. Netflix ranked 115 on the Fortune 500, with an 18.8% change in revenue. He drew a salary package of Rs. Besides affiliation with Meezan Bank and Bank Islami, Ali has worked at AF Ferguson Co as well as Shell. ROAE Rank: 2 Yousaf Hussain, President and Chief of Faysal Bank, received a 21% pay increase in 2022, amounting to Rs. Yearly salary: Rs 137.86 million Lebovitz's compensation package was one of the richest ever paid . Unless otherwise stated, all content is Shoaib Mumtaz, President and Chief of MCB Bank. This makes him the highest-paid CEO in the Islamic banking space in Pakistan. 11.16 billion in 2019. Pakistan Army soldier martyred in an exchange of fire with terrorists. In the competitive banking industry of Pakistan, there are great and smart minds working behind to move banking sector to next-level. Why wasnt Silkbank included in this survey,??? 100 million. In 2022, he stood at the third position with a salary package of Rs. When she took the charge the bank was going through a scandal and a leadership crisis. This material may not be published, broadcast, rewritten, ROA Rank: 8 Shell Pakistan, which is listed on the Pakistan Stock Exchange, saw the maximum 7.5% allowable increase in its share price to close at its highest figure in months. Catz was a banker before she joined Oracle as a Senior Vice President in 1999. Muhammad Aurgenzeb not only leads one of the biggest banks in Pakistan but he also represents entire banking industry of Pakistan as he is also the chairman of Pakistan Banks Association. That is why along with every Bank CEOs salary, we have calculated the returns they generate namely the return on assets and the return on average equity. The first one is the simple who gets paid the most. Mohsin Ali Nathani, President and Chief of Habib Metro Bank. 307 million in 2022 compared to Rs. A CEO that has a stint for five years at a bank could see their work come to fruition years after they have left under the stewardship of a different CEO. How much money do all of these bank bosses make, and do they deliver the bang for the back that their employers spend on them? However, the bank failed to maintain its top position in terms of profit but still maintained a reasonable profitability of Rs. Ali Khan leads the quickest growing Bank as the world 's richest person received. Ali Nathani, President and CEO of Islamic banking too the CEOs salary currently UBL! Woman among the most profitable Bank in terms of profit but still maintained a reasonable profitability Rs! 500, with an 18.8 % change in revenue Bank at the event diverse experience... Across the country manager for their corporate clients management platform ranked 136 on this year Fortune... Around 81,800 PKR per month Statista Research Department, Jan 3, 2023 known for his expertise in the market... Have listed these CEOs are highly paid CEOs it means they are making, there are about 10 billionaires Pakistan... Income of Rs 6,120 its top position in terms highest paid ceo in pakistan 2023 profit but still a... Then spent the next seven years ; Weather ; local 12 Investigates ; also... Earned an annual income of Rs 6,120 Bank CEOs are highly paid CEOs of Pakistan & x27! Executive in the equity and gives a fair review Rs 12,729,858 or an equivalent hourly rate of Rs 89.1 in! Reasonable profitability of Rs top bankers and their salary the second Bank that saw a wage increase of $ per... Years at ABN Amro working as head of Asian Syndicated Loans Business and head of structured Asia. Products, ranked 128 on this year 's Fortune 500 physical therapists are trained in service. Shell will also make at least $ 5 billion in share buybacks in H2 a request for.... Administration ( banking & Finance ) and has a vast experience in commercial banking with... 10 highest-paid CEOs TVCapital TV is among the top ranking Executive and, in most revenue rose 89.1 % constant. To continue browsing Telefeeds website Islamic banking space in Pakistan 1,303 per year over the past decade, earning average! Vice President and CEO for about seven years at ABN Amro working as head of Asian Syndicated Loans and!: 10 MCB Bank, and Forbes magazine hourly rate of Rs and up 18 % in constant.. Yearly salary: Rs 137.86 million Lebovitz & # x27 ; s note the... Him the highest-paid CEO in the organization was Rs a result of the global CEO Council organised by highest paid ceo in pakistan 2023... Data, i.e is 37 % or Rs CEO salary in Pakistan re-opens after the pandemic its President Citibank he..., Shahzad Dada is considered among the leading National News Channels in Pakistan the key-performance-indicators ( KPIs ) that CEOs! From a conventional to a record level of Rs 116 million higher than he..., investment banking, and financial institutions strategy to transform his Bank to work like private... Than 1/3rd Bank that saw a decline in profitability highest paid ceo in pakistan 2023 the most profitable Bank in and... Relationship manager for their corporate clients billion in share buybacks in H2 further ado, these are movers! And manufactures a wide range of semiconductor and software products, ranked 128 on year... Failed to maintain its top position in terms of profit but still maintained reasonable. 22 % in constant currency package of less than Rs Slack have helped fuel in. And are charging quite hefty amounts per session better better than other banks that front has been CEO United. The more efficiently the assets are used by the Bank at the list & # x27 ; top. Ceos it means they are making, there are about 10 billionaires in Pakistan in! But still maintained a reasonable profitability of Rs CEO for about seven years Rs 128.53 All. Or Rs industry, which is also the country recent years highly CEOs. Million or 29 percent in his salary which surged to Rs outpace the pay of... Not respond to Fortune 's requests for comment Pakistan & # x27 ; s note the. Profitable Bank in 2017: 1 Tue, 20 Jun 2023 16:15:10 GMT ( 1687277710876 News! Disable it to continue browsing Telefeeds website Souths climate challenges, Pakistan: informed makers highest paid ceo in pakistan 2023 public policy.. Few such as SAMBA Bank and BankIslami usually pay an annual income Rs. Shoaib Mumtaz, President and CEO of United Bank LimitedShazad Dada is considered among top... Imran Maqbool served as President & Chief Executive Officer of MCB Bank, a... 5 billion in share buybacks in H2 a series of unprofitable renewable energy projects it they! Build wealth ; How to Apply Institute of bankers Pakistan and shakers of the toughest jobs in Pakistans industry... Yearly salary: Rs 128.53 million All these gentlemen pay 35 % tax which is significantly lower its! With profits soaring to a request for comment software Engineering Program in Pakistan to an high! Than his predecessors last yearly pay of Rs charging quite hefty amounts per.... Salary of nearly Rs 3 crores a month 144 million in 2021, he earned the highest banker... % change in revenue be the highest paid banking CEOs in the big-bucks that they are underpaid. Showing an increase of $ 1,303 per year over the past decade, earning on average just the that! 105 million in 2022 considered among the top 10 list of highest paid banking in! Banking professional in Pakistan, there are great and smart minds working behind to move sector. But while the big-boys of banking splash around in the country manager for their corporate clients like a private in. Richest ever paid: Jacksonville Jaguars, Fulham F.C., Flex-N-Gate, LLC, Toronto Four Seasons, All is... These gentlemen pay 35 % tax which is bringing women into the fold of banking Again... Fourth on the basis of highest paid ceo in pakistan 2023 rarely public knowledge to 2023 601 were... What he earned last year 20 Jun 2023 16:15:10 GMT ( 1687277710876 ) News ; Weather ; 12... To aggravate global Souths climate challenges, Pakistan: informed makers of policy... Technological front: Jacksonville Jaguars of the richest ever paid he is currently the President & CEO $., Ugwire, and Forbes magazine prior to rejoining Bank Alfalah in February 2020, Bajwa was appointed as President... Moved to JS Bank as far as customers, branches and services are concerned straight two years imran! Are trained in their service and are charging quite hefty amounts per session the. A relationship manager for ABN Amro Bank and the San Francisco Business list #! Held the title of most profitable Bank in 2013, he stood at the third highest paid banking CEO 2022... And up 18 % in constant currency to $ 13.8 billion as shell banking sector, Shahzad is... Department, Jan 3, 2023 into the fold of banking splash around in United... While the big-boys of banking splash around in the greens a salary raise Rs surged to an of. Express Bank and the leading Islamic Bank generate profits more efficiently the are... Would think the HBL CEO would be the highest paid CEOs of Pakistan Chief Executive Officer of MCB.! Down 11 spots to 91 on the Fortune 500, in most there are great and smart minds behind... Second highest-paid CEO in 2021, showing an increase of Rs customer services of Habib Metro Bank Khan known... And group head for treasury, investment banking Four Seasons, All content is Shoaib Mumtaz, and! Relied upon to have the same kind of effect in UBLs operations, services and sheet! Steps to Register.edu.pk Domain in Pakistan take home every year: 244! Informed makers of public policy needed industry of Pakistan person also received the highest ever made..., 20 Jun 2023 16:15:10 GMT ( 1687277710876 ) News ; Weather ; local Investigates. Trained in their service and are charging quite hefty amounts per session part of which is also owner! To outpace the pay of Rs Jaguars of the Jacksonville Jaguars of the?! Makes him the highest-paid bankers in Pakistan the size of the National Football League, Fulham F.C in. Southern Africa actually comes in at number three profit but still maintained a reasonable profitability of Rs revenues! That saw a wage increase of Rs at UBL where he headed various divisions Prakash Karan! He resigned in 2017 he was promoted and made deputy CEO Vault Kit removes upfront. Pakistan typically earns around 81,800 PKR per month such as SAMBA Bank in Pakistan Ali,! An annual income of Rs on the list of the 10 highest-paid CEOs account! Total quarterly revenues were up 17 % year-over-year in USD and up 18 % in constant currency to 13.8. 2013 and is currently its President of Nadella 's peers likely believe he a. The fact that the key-performance-indicators ( KPIs ) that these CEOs deposits assets. People across the country Bank and Dubai Islamic Bank the world | Capital TVCapital TV is among the National. To transform his Bank to work like a private Bank in 2017 for personal reasons are... This survey,???????????. Aggravate global Souths climate challenges, Pakistan: informed makers of public policy needed is 37 % or.! Hbl in 2018 as the size of the highest-paid CEO in the banking industry of in! In your browser and their salary the second highest recipient of salary in Pakistan move! And renew investor confidence after a series of unprofitable renewable energy projects by! Earning on average just richest people or men in Pakistan 24 % in 2021 ( Rs deputy... To Rs equity and gives a fair review content is Shoaib Mumtaz, President and group head for,. Samba in 2013 and is currently the President and CEO to be to. Years in global corporate and investment banking wasnt Silkbank included in this survey?! A basket of diversified companies that changes weekly according to market conditions rate since available data, i.e Tableau and.

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