SBP revises Directors’ fee caps

December 14, 2025 (MLN): The State Bank of Pakistan (SBP) has revised its Corporate Governance Regulatory Framework (CGRF) with changes to bank categorization criteria and directors’ remuneration limits.

In a circular issued by the Banking Policy & Regulations Department, the SBP said banks and DFIs will be classified into two categories based on asset size or profitability, as per their latest audited annual accounts.

Institutions with assets exceeding Rs1 trillion or after-tax profits above Rs5 billion will fall under the first category.

For these entities, the maximum remuneration payable to a director for attending a board or committee meeting has been capped at up to Rs1.2 million per meeting.

All other banks and DFIs that do not meet these thresholds will be placed in the second category, where the maximum remuneration per board or committee meeting has been capped at up to Rs750,000.

The SBP clarified that all other instructions under the Corporate Governance Regulatory Framework will remain unchanged.

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