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Rule · SBP · 12 Dec 2025 · BPRD Circular Letter No. 24 of 2025

AMENDMENTS IN CORPORATE GOVERNANCE REGULATORY FRAMEWORK

governance

The regulation revises Regulation G-14 (2)(v) of the Corporate Governance Regulatory Framework to establish new categories for banks and DFIs and their corresponding maximum remuneration limits for Board or Committee meetings. Banks or DFIs with assets above Rs. 1 trillion or after-tax profits above Rs. 5 billion are classified as First Category, with a maximum meeting remuneration of Rs. 1,200,000. All other banks and DFIs fall into the Second Category, subject to a maximum meeting remuneration of Rs. 750,000.

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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

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