ISLAMBAD: Former Finance Minister and Governor of the State Bank of Pakistan (SBP) Dr. Shamshad Akhtar passed away on Saturday.
The 71-year-old had a distinguished career in national and international financial institutions.
She was also the Chairperson of the Board of Directors of the Pakistan Stock Exchange and the Sui Southern Gas Transmission and Distribution Company. She had also been the Finance Minister in the caretaker setup before the 2018 and 2024 general elections.
Shamshad also served as the World Bank’s Vice President for the Middle East and North Africa and the Executive Secretary of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
Prior to her appointment as Governor of the State Bank, Shamshad Akhtar was the Director General for the Southeast Asia Department of the Asian Development Bank (ADB) since January 2004.
Born in Hyderabad, Shamshad Akhtar received her early education in Karachi and Islamabad. She received her bachelor’s degree in Economics from the University of the Punjab in 1974.
He received his Masters degree in Economics from Quaid-e-Azam University, Islamabad, an MA in Development Economics from the University of Sussex in 1977, and a PhD in Economics from Paisley College of Technology, UK, in 1980.
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