Pakistani politician, diplomat and banker
Shamshad Akhtar is a Pakistani development economist , United Nations diplomat , banker and politician who also is the current caretaker Finance Minister of Pakistan , in office since 17 August 2023.[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] [3]
Since 17 August 2023, she has been serving as care taker Federal Minister of Finance
Early life and education
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]
Career
Akhtar, on far left, chairing the 2030 Agenda for Sustainable Development 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
