Regulatory Alerts2025-12-12 | BPRD Circular Letter No. 24Added · Updated
Amendments in Corporate Governance Regulatory Framework
The document revises Regulation G-14 (2)(v) of the Corporate Governance Regulatory Framework to establish new maximum remuneration limits for Directors attending Board or Committee meetings. Banks or Development Finance Institutions with assets above Rs. 1 trillion or after-tax profit above Rs. 5 billion are classified in the first category, with a maximum limit of Rs. 1,200,000 per meeting. All other banks or Development Finance Institutions fall into the second category, subject to a maximum limit of Rs. 750,000 per meeting.
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BPRD Circular Letter No. 24
AMENDMENTS IN CORPORATE GOVERNANCE REGULATORY FRAMEWORK
December 12, 2025
479
The Presidents/ Chief Executives
All Banks/DFIs
Dear Sir/Madam,
AMENDMENTS IN CORPORATE GOVERNANCE REGULATORY FRAMEWORK
Please refer to BPRD Circular No. 5 of 2021 dated November 22, 2021 on Corporate Governance Regulatory Framework (CGRF).
It has been decided to revise the Regulation G-14 (2)(v) of CGRF prescribing parameters to determine category of banks/DFIs and maximum limits of Remuneration of Directors for attending a Board/ Committee Meeting, as below:
Category
Parameters to Determine Category
Maximum Limits of Remuneration for a Board/ Committee Meeting (per meeting)
First
Those banks/DFIs which have: Above Rs. 1 trillion Assets Size OR Above Rs. 5 billion after tax profit (As per last audited annual accounts)
Up to Rs. 1,200,000
Second
All other banks/DFIs which do not fall in the first category
Up to Rs. 750,000
All other instructions on the subject shall remain unchanged.
Yours sincerely,
Ghulam Muhammad Director
Home — Circulars — BPRD Circular Letter No. 24
AMENDMENTS IN CORPORATE GOVERNANCE REGULATORY FRAMEWORK
December 12, 2025