The rivalry between the banks is fierce on a range of issues, including deposit mobilization, consumer finance, services for transfers to Pakistanis abroad, preservation of shareholders’ interests, and enforcing the central bank’s laws, among others.
The CEOs, in addition to the administration and their teams, determine the primary goals for these institutions, which include asset development and financial success.
Irfan Siddiqui (The President and CEO of Meezan Bank) received the highest pay in Pakistan’s banking sector.
In 2022, he received compensation of Rs. 422 million, an increase of Rs. 116 million, or 37%, over what he received in the previous year (Rs. 306 million).
