He was born on April 28, 1930 in Sheikhupura, after his intermediate from Aligarh University in 1947, he joined Hailey College of Commerce, Lahore, a constituent of the University of the Punjab, where he did his B. Com. In 1950 and M. Com. In 1952. He was the Editor of Journal 'Al-Iqtisad' published by the College in 1949. Thereafter, he served the institution as a visiting lecturer for M. Com. For over a decade he remained member of the Board of Studies of the Faculties of Commerce and Business Administration, Board of Examiners (Commerce) and Selection Board (Commerce) of the University
He got himself enrolled as an Income Tax Practitioner in 1951. In 1953 he was elected a Fellow of the Royal Statistical Society and the Royal Economics Society (London). For some time from 1953 to 1955 he worked as an Accountant in Fauji Textile Mills, Jhelum.
After passing Ministry of Commerce Examination held under the Auditor's Certificate Rules, he was enrolled as a Registered Accountant in 1955 and in the same year, he established his firm under the name and style of "S.A. Salam & Co.".
He was a senior member of Lions Club of Lahore and remained Chairman of Children Parks Committee of the Club for several years. He passed his LL.B. from the University of the Punjab in 1957 and was enrolled as an Advocate of the Lahore High Court in 1959 and remained a member of the Lahore High Court Bar Association.
Being one of the founder members of the Institute of Chartered Accountants of Pakistan, he was enrolled as its member in 1961 and had the honor of being nominated on the first Council and remained in that capacity from 1961 to 1967, he was reelected to the Council for 1982-85 term. He remained Chairman of Central Regional Committee of the Institute from 1963 to 1968. He was also elected Vice President of the Institute for 1966-67 terms.
During his 25 years active association with the Institute, he served as Member of its Board of Studies and served the Institute in various capacities. He was member of various Committees of the Institute including the Tax Laws Committee of which he was the Chairman.
He was a prominent Tax Practitioner and was elected as President of the Lahore Tax Bar Association for the years 1980-81 and 1981-82. He was a regular contributor of articles and research oriented letters which were published in various journals and newspapers from time to time. He also presented Budget Proposals and suggestions to the Government almost every year. He motivated others to bring out professional books and himself brought out the first three editions of this book, he named the third edition as "Complete Income Tax Law".
He suffered a heart attack while on his way to office on February 26, 1986, and was rushed to the Mayo Hospital, Lahore where he remained in the Constant Care Unit till his death on April 4, 1986. His death was a shock to not only the family members but to numerous others as well.
Besides individual condolence messages, his death was widely condoled by various institutions and associations from all over the Country. In recognition of his services to the profession the Institute of Chartered Accountants has instituted an award by the name of "S. A. Salam Memorial Gold Medal" for students of C.A. Final Examinations. Likewise the Hailey College of Commerce has also instituted a Gold Medal for meritorious performance in M. Com.
A philanthropic institution “S. A. Salam Foundation" was formed immediately after his death. Besides other activities, the Foundation is successfully running a free medical dispensary since May, 1986 and has so far served almost 300,000 patients.
He suffered a heart attack while on his way to office on February 26, 1986, and was rushed to the Mayo Hospital, Lahore where he remained in the Constant Care Unit till his death on April 4, 1986.