Shamshad Akhtar | |
---|---|
Minister of Finance | |
In office 17 August 2023 –4 March 2024 | |
President | Arif Alvi |
Prime Minister | Anwar ul Haq Kakar |
Preceded by | Ishaq Dar |
Succeeded by | Muhammad Aurangzeb |
In office 5 June 2018 –18 August 2018 | |
President | Mamnoon Hussain |
Prime Minister | Nasirul Mulk |
Preceded by | Miftah Ismail |
Succeeded by | Asad Umar |
Executive Secretary of United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP) | |
In office 10 December 2013 –2018 | |
Preceded by | Noeleen Heyzer |
Succeeded by | Armida Salsiah Alisjahbana |
14th Governor of the State Bank of Pakistan | |
In office 2 December 2006 –1 January 2009 | |
Prime Minister | Yousaf Raza Gillani |
Preceded by | Ishrat Hussain |
Succeeded by | Syed Salim Raza |
Vice President of World Bank for Middle East and North Africa | |
In office 1 January 2009 –6 July 2009 | |
Personal details | |
Born | 1954 (age 69–70) Hyderabad,Sindh,Dominion of Pakistan |
Political party | Independent |
Alma mater | University of the West of Scotland (PhD) University of Sussex (MA) Quaid-i-Azam University (MSc) University of the Punjab (BA) |
Shamshad Akhtar is a Pakistani development economist,United Nations diplomat,banker and politician who served as the caretaker finance minister of Pakistan from 2023 to 2024 as well as from 5 June 2018 to 18 August 2018. [1] [2]
Prior to that,she served as the 14th Governor of the State Bank of Pakistan,the first woman to assume this position. She also served as a senior adviser to the then Secretary-General of the United Nations,Ban Ki-moon and as Vice-President of the World Bank. [2] [3] [4]
In December 2013,Akhtar was selected by the UN Secretary-General [3] as Under-Secretary-General and the 10th Chief Secretary of the Monetary and Social Commission for Asia and the Pacific (ESCAP). [3]
Since 17 August 2023,she has been serving as care taker Federal Minister of Finance.
Shamshad Akhtar was born in Hyderabad,Sindh,Pakistan. [4] [5] [6]
She moved to the United Kingdom on a Commonwealth Scholarship to study at the University of Sussex,receiving an M.A. in development economics in 1977. She moved to the University of the West of Scotland (then Paisley College of Technology) where she was awarded a PhD in Economics in 1980. [2] [4] [5]
Akhtar started her career in 1980 with the Planning Commission in Islamabad but moved few months later to work with the World Bank's Resident Mission in Pakistan as a country economist. She left in 1986 for a year-long sabbatical to attend John F. Kennedy School of Government at Harvard University as a postdoctoral researcher under the Fulbright Program. [7] [4]
In 2005,she moved back to Pakistan to serve as the 14th Governor of the State Bank of Pakistan,a position she retained until January 2009. [5] [2] [3]
In 2009,Akhtar re-joined the Asian Development Bank as a senior advisor to Haruhiko Kuroda. She moved to Washington,D.C. to be able to work at the World Bank and served as the Vice President,World Bank Middle East and North Africa region. During this period,she spearheaded the bank's response to the Arab Spring political campaign and the Arab regional integration strategy and its implementation. [2] [4] [5]
In September 2011,she moved to the United Nations to serve as the Assistant Secretary-General for Economic and Social Affairs and Senior Adviser on Economic Development and Finance to the UN Secretary-General Ban Ki-moon. [2] [8]
In December 2013,Akhtar was appointed as the 10th Executive Secretary of UNESCAP in Bangkok. [2]
In 2020,Akhtar was appointed by United Nations Secretary-General António Guterres to serve on the Advisory Committee for the 2021 Food Systems Summit,chaired by Inger Andersen. [9]
In 2023,Akhtar was appointed as caretaker finance minister of Pakistan
According to Election Commission of Pakistan,prior to assuming her role as caretaker finance minister in 2023,Akhtar declared her net worth to be Rs. 2.94 billion (US$10 million). [10] Among the mentioned assets are Rs. 2.8 billion (US$9.7 million) in Naya Pakistan Certificates,Rs. 109 million (US$380,000) in Pakistani treasury bills,shares of Pakistan State Oil worth Rs. 0.3 million,and residential plots in DHA. Akhtar also has more than Rs. 27 million (US$94,000) deposited in different banks. [11]
The economy of Pakistan is categorized as a developing economy. It ranks as the 24th-largest based on GDP using purchasing power parity (PPP) and the 46th largest in terms of nominal GDP. With a population of 241.5 million people as of 2023,Pakistan's position at per capita income ranks 161st by GDP (nominal) and 138th by GDP (PPP) according to the International Monetary Fund (IMF).
Moeenuddin Ahmad Qureshi was a Pakistani American economist and civil servant who served as caretaker prime minister of Pakistan from July to October 1993. Qureshi also served as the senior vice president of World Bank.
The State Bank of Pakistan (SBP) is the central bank of Pakistan. Its Constitution,as originally laid down in the State Bank of Pakistan Order 1948,remained basically unchanged until 1 January 1974,when the bank was nationalised and the scope of its functions was considerably enlarged. The State Bank of Pakistan Act 1956,with subsequent amendments,forms the basis of its operations today. The headquarters are located in the financial capital of the country in Karachi. The bank has a fully owned subsidiary with the name SBP Banking Services Corporation (SBP-BSC),the operational arm of the Central Bank with Branch Office in 16 cities across Pakistan,including the capital Islamabad and the four provincial capitals Lahore,Karachi,Peshawar,Quetta. The State Bank of Pakistan has other fully owned subsidiaries as well:National Institute of Banking and Finance,the training arm of the bank providing training to Commercial Banks,the Deposit Protection Corporation,and ownership of the Pakistan Security Printing Corporation.
BankIslami Pakistan Limited is a Pakistani Islamic bank based in Karachi. It has 400+ branches in 150 cities in Pakistan.
An under-secretary-general of the United Nations (USG) is a senior official within the United Nations System,normally appointed by the General Assembly on the recommendation of the secretary-general for a renewable term of four years. Under-secretary-general is the third highest rank in the United Nations,after the secretary-general and the deputy secretary-general. The rank is held by the heads of different UN entities,certain high officials of the United Nations Secretariat,and high-level envoys. The United Nations regards the rank as equal to that of a cabinet minister of a member state,and under-secretaries-general have diplomatic immunity under the UN Charter.
Seve Paeniu is a Tuvaluan politician. Paeniu was elected to the Parliament of Tuvalu in the 2019 Tuvaluan general election to represent the Nukulaelae electorate. He was appointed as the Minister of Finance in the Natano Ministry.
Allied Bank Limited (ABL) is a Pakistani commercial bank based in Lahore,Punjab,Pakistan. It is a subsidiary of the Ibrahim Group.
Inam-ul-Haq is a Pakistani career diplomat who served as the Foreign Minister of Pakistan in the caretaker government of Muhammad Mian Soomro for four months from November 2007 till March 2008.
Noeleen Heyzer is a Singaporean social scientist,diplomat,and United Nations official who was the United Nations Special Envoy on Myanmar from October 2021 until June 2023.
Yaseen Anwar is a Pakistani-American banker who had been the Governor of the State Bank of Pakistan from 20 October 2011 to 31 January 2014. He previously also acted as deputy governor and has 33 years of experience in international banking. Anwar holds a dual Pakistan and US citizenship. He is a graduate of the Wharton Business School at the University of Pennsylvania.
Jalil Abbas Jilani is a retired Pakistani diplomat who served in Grade 22 as the Foreign Secretary of Pakistan. He is former Caretaker Minister of Foreign Affairs,he served in office from 17 August 2023 till 04 March 2024. He was born on February 3,1955,in Multan to a family known for high-profile bureaucrats. He served as the 22nd Ambassador of Pakistan to the United States from December 2013 to February 2017,and previously served as the Foreign Secretary of Pakistan from March 2012 to December 2013. He has also served as a senior director at the Centre for Aerospace and Security Studies (CASS).
The Khoso caretaker government was the Pakistani caretaker federal cabinet that was sworn into office on 2 April 2013. On 24 March 2013,Mir Hazar Khan Khoso was nominated by the Election Commission as the Caretaker Prime minister,out of four nominees coming from both the opposition and the dissolved government. Khoso was sworn into office on 25 March 2013.
Tariq Bajwa is a retired Pakistani civil servant who served in BPS-22 grade as the Finance Secretary and Economic Affairs Secretary of Pakistan. Bajwa also served as the 19th Governor of the State Bank of Pakistan and the 20th Chairman of the Federal Board of Revenue. He is the only Pakistani who won the Littauer fellowship at Harvard University. He also received a master's degree in Public Administration from the same institution. Bajwa is batchmates with Shehzad Arbab,Sajjad Saleem Hotiana and Babar Yaqoob Fateh Muhammad.
Chaudhry Akhtar Ali Khan' is a Pakistani politician who had been a Member of the Provincial Assembly of the Punjab from August 2018 till January 2023. Previously,he was a Member of the Provincial Assembly of the Punjab,from July 2015 to May 2018. Chaudhry Akhtar Ali Khan is a Pakistani politician who was a Member of the Provincial Assembly of the Punjab,from July 2015 to May 2018 and won the seat again in 2018 general elections representing Pakistan Muslim League(Nawaz). His father Ch Abdul Wakeel khan was a two time member of parliament Punjab(Independent once)and his deceased brother Ch Shamshad Ahmad Khan was a four time member of parliament and a minister for transport and excise in Punjab,a responsibility in which Ch Akhter Ali khan played the front most role as to the allocation of both portfolios. His co-father-in-law is Rana Muhammad Iqbal previously longest serving speaker in Punjab Assembly and a caretaker governor of Punjab and is currently member of parliament Punjab representing Pakistan Muslim League(Nawaz)from Kasur,Phoolnagar.
Anwaar-ul-Haq Kakar is a Pakistani politician who served as the longest-serving caretaker prime minister of Pakistan between 14 August 2023 and 4 March 2024. He was succeeded by his predecessor Shehbaz Sharif. He assumed membership in the Upper House of Pakistan in March 2018. Before taking on the role of caretaker prime minister,Kakar had resigned from the upper house of parliament. Subsequently,he publicly declared his resignation from both the Senate and the Balochistan Awami Party (BAP),a political party he established in 2018.
Muhammad Hammad Azhar is a Pakistani politician from Pakistan Tehreek-e-Insaf. He was elected from NA-126 (Lahore-IV) in 2018 Pakistani general election and remained a member of National Assembly of Pakistan between August 2018 to January 2023. He served in various ministerial positions in Imran Khan ministry between 2018 and April 2022. He served as Energy Minister of Pakistan and Finance Minister of Pakistan between 16 April 2021 to 3 April 2022 and 29 March 2021 to 16 April 2021 respectively.
Waqar Masood Khan is a retired Pakistani civil servant who is serving as an Advisor to Prime Minister Anwar ul Haq Kakar on Finance,in office since August 2023. He previously served as a Special Assistant to Prime Minister Imran Khan on Revenue and Finance in the capacity of a Minister of State in Cabinet,in office from October 2020 till August 2021. Before his retirement from civil services,Waqar served in BPS-22 grade as Pakistan's longest running Secretary of Finance.
Naveed Kamran Baloch is a retired Pakistani civil servant who served in BPS-22 grade at the top bureaucratic offices of Cabinet Secretary and Finance Secretary of Pakistan. Baloch belonged to the Pakistan Administrative Service and was promoted to the rank of Federal Secretary in October 2017. After retirement from active civil service as one of the senior-most federal secretaries in the country,Baloch was appointed as the executive director to World Bank.
Muhammad Aurangzeb is a Pakistani banker who currently serving as the Minister of Finance for Pakistan since 11 March 2024. He previously served as the chief executive officer (CEO) and president of Habib Bank Limited from February 2018 to March 2024.
Ahad Khan Cheema is a retired Pakistani bureaucrat who is the current Federal Minister of Economic Affairs,appointed on 11 March 2024. Previously,he has served as a chief executive officer (CEO) of the Quaid-e-Azam Thermal Power Company and director-general of the Lahore Development Authority. In 2018,the National Accountability Bureau (NAB) arrested Cheema on charges related to irregularities in the Ashiana Housing Scheme project during his time as chairman of the LDA. The investigation also involved former Prime Minister Nawaz Sharif's principal secretary Fawad Hassan Fawad and Shehbaz Sharif. Cheema was released on bail in 2021 after spending three years in jail and was acquitted of all charges by the NAB in 2023. He took retirement from civil service in January 2023.