Career
After passing the civil service examination,Husain joined the Civil Services Academy in Lahore,graduating in 1964. [5] His early assignments included administrative postings in various parts of Sindh,as well as in Chittagong (in what was then East Pakistan). [5] During this period,he witnessed significant political changes,including the 1969 unrest against Ayub Khan and the secession of East Pakistan in 1971. [5] He later served on the One Unit Dissolution Committee,dealing with a policy he had previously opposed as a student. [5]
After completing his education at Williams College,Ishrat Husain returned to Pakistan and was appointed as the Deputy Secretary of the Finance Division in 1972,quickly advancing to Additional Secretary within a year. [5] After earning his PhD in 1978,he was recruited by the World Bank,a transition influenced by his desire to engage more actively in global economic policy discussions during the Cold War. He worked initially as the country economist for Liberia. [5]
By 1982,Husain had left the Pakistani civil service to focus on his career at the World Bank. [5] His roles included World Bank Representative to Nigeria,head of the Debt and International Finance Division,Chief Economist for Africa,and later,Director for Poverty and Social Policy. [5] He also served as the country director for the Central Asian republics,a position that solidified his critical perspective on socialist economic systems. [5] His notable assignments included work in Ghana during a period of political instability under President Jerry Rawlings. Husain's approach in Ghana was shaped by his experiences in Pakistan,using these to inform his economic advice amidst the nation's internal conflicts. [5]
In 1994,Husain became the chief economist for the Asia–Pacific region and between 1997 and 1999 headed the World Bank's operations in Central Asia. He ended his World Bank career in 1999,and was appointed the Governor of the State Bank of Pakistan and remained until December 2005. [6]
In 2008,he was appointed the Dean of IBA Karachi,in 2015 he was awarded the Nishan-e-Imtiaz by President Mamnoon. He resigned as the dean of IBA in 2016,however remains the Professor Emeritus of the institute. During his tenure,IBA expanded from a solely business school to an interdisciplinary university. [7] In 2016,Hussain joined the Woodrow Wilson Center as a resident policy fellow. [8]
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