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What’s SBP Governor Reza Baqir’s month-to-month revenue?

SBP Governor Reza Baqir
In response to a query requested by a senator, Finance Ministry on Friday revealed State Financial institution of Pakistan (SPB) Governor Dr Reza Baqir attracts a month-to-month wage of Rs 2.5 million.

The finance ministry disclosed the governor’s wage to a query requested by Pakistan Muslim League-Nawaz (PML-N) Senator Irfan-Ul-Haque Siddiqui.

Within the preliminary doc answering the senators’ questions, the federal government had withheld its response. However the authorities, later, shared its response to the query. Nonetheless, the doc uploaded on the Senate’s web site questions and solutions part doesn’t have the small print in regards to the governor’s revenue.

The query in regards to the governor’s wage and all SBP staff was additionally requested by Senator Muhammad Shafiq Tareen.

Based on the doc, Dr Baqir attracts Rs2.5 million month-to-month wage and is topic to a ten% annual increment.

Other than that, the governor is granted a “furnished and maintained State Financial institution Home or home hire allowance with furnishing and upkeep by the financial institution (as authorized by the SBP Board)”.

The governor can be entitled to “two totally maintained chauffeur pushed automobiles with petrol ceiling of 600 litres that embody a 1800cc native assembled automobile and a 1600cc native assembled automobile”.

Baqir can be facilitated with precise bills of electrical energy, fuel, water, and gasoline for a standby generator. As for his kids’s schooling, the governor’s kids 75% of the overall tuition charges is to be paid by the central financial institution.

Another perks embody free landline, cell phones, web entry, and home assist which embody reimbursement of precise wage paid for as much as 4 servants, at Rs 18,000 per head. Other than that, the governor is supplied with 24-hour safety service as per the requirement with safety guards and safety system.

The written doc additionally mentioned that the governor is entitled to avail full medical amenities as per the SBP guidelines and three leaves monthly with a depart encashment facility of as much as six months on completion of the tenure.

The governor can be granted one month’s monetised wage for every accomplished 12 months of service on the final drawn wage and provident fund. Another advantages embody travelling allowances, relocating bills, retirement advantages, and membership membership with month-to-month precise expenses.

The senator had requested if the current governor is a former worker of the Worldwide Financial Fund (IMF), to which the reply mentioned that Dr Baqir labored at IMF for 18 years.