Highest Salaries in Pakistan 2019
The year 2018 proved to be a difficult year for banking sector as the profits of most of the banks were reduced and the expenses increased. Due to this, the operations of banking sector faced very different challenges. However, the only thing that consistently increases was the salary of top management. So, we will here tell you about the people who are getting the highest salaries in Pakistan in banking sector specifically. The reason for choosing banking is that it’s the most profitable sector all over the world. Here are the details of top banker’s salaries in Pakistan in 2018.
Habib Bank CEO | Muhammad Aurangzeb
Mr. Muhammad Aurangzeb, had joined HBL as a CEO and President on April 30, 2018. He did his Bachelors in the field of Business Administration from University of Pennsylvania, USA. He has an over 30 years of experience in banking field all over the world including ABN Amro Bank and Royal Bank of Scotland. Muhammad Aurangzeb (the CEO of Habib Bank) has only one year of experience in Pakistani banking sector. His estimated salary in 2019 is Rs. 20 million per month. He increased the profit of HBL in 2018 by 41 percent. He is the man with one of the highest salaries in Pakistan.
United Bank CEO |Sima Kamil
Sima Kamil has an overall experience of over 30 years in banking sector with assignments including Risk Management, Corporate, Retail and Investment Banking. She started her career with American Express Bank and has also worked in Standard Chartered Bank and ANZ Gridlays. Before joining UBL, her last assignment was at HBL where she worked for over sixteen years as a Head of Corporate and Investment Banking and then promoted to Head of Branch Banking.
Sima is a graduate from Kingston University UK and then completed her MBA from City University London. She is also the first female CEO of any commercial bank and took charge of UBL where the crisis were at its peak in 2017. Her estimated salary in 2019 is Rs. 11.15 million per month however, the profit of UBL was decreased in her leadership in 2018 as compared to 2017.
Bank Alfalah CEO | Nouman Ansari
The CEO of Bank Alfalah, Mr. Nouman Ansari joined as a President and CEO in July 2017. He is a Miami University, USA graduate and has an over twenty-four years of professional experience in different banks all across the world including Bank of America, ABN Amro, Standard Chartered Bank, Fortis Bank and Samba Bank. He started his career back in 1993 in Karachi at Standard Chartered Bank and then went to Bank of America for three years.
He was promoted to Director Portfolio Strategy & Execution at ABN Amro Bank in 2004. Later, in 2006, he joined Fortis Bank as a Head of Institutional Banking in Dubai. He is a reputable and a seasoned banker with very strong banking knowledge. Nouman Ansari replaced Atif Bajwa as a CEO of Bank Alfalah in 2018 and draws an annual salary of over Rs. 108 million in 2019.
MCB CEO | Imran Maqbool
Mr. Imran Maqbool is an MBA from Institute of Business Administration, Karachi. He did his MS from Sloan School of Management, USA. He has a vast experience (over seventeen years) of working at senior positions in banking sector across the world including Bank of America and Citi Bank.
He joined MCB as a President and CEO. Prior to joining MCB, he was the Head of Commercial Branch Banking Group and used to manage the largest group of the Bank in terms of size of the workforce, market diversity, number of branched, on a countrywide basis and diversified spectrum of products. Imran Maqbool made MCB the most profitable bank in 2018 with a profit of Rs. 21.36 billion. His estimated salary in 2019 is over 7.6 million per month which is totally justifiable.
Silk Bank CEO | Azmat Tareen
Mr. Azmat Tarin is an MBA from Pepperdine University, Los Angeles, California. He was promoted to Silk Bank as the President and SEO back in October 2008. Prior to this position, he was the Executive Director in Silk Bank. He started his career in 1989 in Lincoln Savings Branch Operations. Later, he moved to Saudi American Bank in Riyadh and was involved in a project of centralizing operations.
When he came back to Pakistan, he joined Union Bank Ltd. and worked there for 7 years from 1999 to 2006 as a Head of Retail Banking. He was a part of the core team there that turned the Union bank into the most profitable banks in the country. Silk bank is a small growing bank and its performance in 2018 was quite amazing. The profit of Silk Bank in 2018 was Rs. 1.3 billion. Mr. Azmat Tareen (CEO Silk Bank) earns a salary of over Rs. 0.34 million per month in 2019.
Standard Chartered CEO | Shahzad Dada
Mr. Shahzad Dada is the President and CEO of Standard Chartered Bank. He is a graduate of University of Pennsylvania and did his MBA from the Wharton Business School, University of Pennsylvania. He has an over 21 years of experience as a seasoned banker in both United States and Pakistan.
Shahzad Dada has worked for over 15 years at the Deutsche Bank Securities in New York in different capacities. He came to Pakistan back in 2005 and was a member of the Board of Directors of Pakistan Stock Exchange, AISEC and Sui Southern Gas Company. He is an avid golfer with a keen interest in a number of sports including tennis and chess. Shazad is married to Samira and has three children, two sons and a daughter. Shahzad Dada is CEO and President of Standard Chartered bank and he draws a salary of Rs. 7.18 million per month in 2019.
Meezan Bank CEO | Irfan Siddiqui
Mr. Irfan Siddiqui is the President and CEO of Meezan Bank. He qualified as a CA (Chartered Accountant) from the institute of Chartered Accountants in England and Wales. Meezan Bank CEO, Mr. Irfan Siddiqui is one the highest paid bankers in Pakistan. He has given a lot of achievements to Meezan Bank under his leadership. He draws a salary of Rs. 6.29 million per month in 2019 and the bank recorded a growth of 42 percent in profits in his leadership.
Bank Al Habib CEO | Mansoor Ali Khan
Mr. Mansoor Ali Khan was promoted as a President and CEO of Bank AL Habib Limited in Nov, 2016. Before that, he was working as a Chief Operating Officer in the same back since November 2014, and as a Group Head since January 2011. He is a very experience and seasoned banker with over 30 years of experience in banking sector. Bank Al Habib is one the fastest growing bank of Pakistan. Its CEO Mr. Mansoor Ali Khan draws a handsome salary of 6.14 million per month in 2019. In his leadership, the bank had a 23 percent increase in its profits in 2018.
Allied Bank CEO | Tahir Hassan Qureshi
Mr. Tahir Hassan has an over 28 years of experience with 23 years of experience with different Banks all across the world. He is a seasoned professional and fellow member of the ICAP (Institute of Chartered Account of Pakistan). His experience includes higher management positions in Habib Bank Limited, MCB and Bank of Punjab. Allied bank grew its operations and earning in the leadership of its CEO Mr. Tahir Hassan Qureshi in 2018 and became the 4th bank in terms of profit. Its CEO Mr. Tahir Hassan Qureshi drew a salary of 4.29 million per month in 2018.
Faysal Bank CEO | Yousaf Hussain
Mr. Yousaf Hussain has been working with Faysal Bank since Aug 2008. He has a total of around 25 years of experience with different local and international banks including ABN Amro Bank. He held multiple senior level positions in past in Investment Banking & Treasury transactions across major industries. Mr. Yousaf is basically an Electrical engineer with MBA from LUMS, Lahore. He is also a member of the Executive Committee of Pakistan Banking Association. Mr. Yousaf Hussain is one of the top banker at Faysal Bank. He has spent quite a few time now with Faysal Bank. He draws a salary of 3.6 million per month in 2019.