A Pioneer in Pakistan's Economic Landscape Passes Away

In the world of economics, few names stand out as much as Shamshad Akhtar's. She was a trailblazer, the first woman to lead Pakistan's central bank. At 71, she left behind a legacy that spanned decades and touched many aspects of Pakistan's economic life. Akhtar's career was marked by significant milestones. She served as the governor of the State Bank of Pakistan from 2006 to 2009. Later, she took on the role of caretaker finance minister twice, ahead of the 2018 and 2024 general elections. At the time of her passing, she was chairing the Pakistan Stock Exchange, a role that showcased her extensive experience in monetary policy, fiscal management, and capital markets.Her influence extended beyond Pakistan's borders. Akhtar held senior positions at prestigious international organizations like the World Bank, where she was vice president, and the UN ESCAP, where she served as executive secretary. She also worked at the Asian Development Bank. Her education was equally impressive, with degrees from institutions in Pakistan, the UK, and the US. Akhtar's death was sudden, reported to be due to cardiac arrest. Finance Minister Muhammad Aurangzeb mourned her loss, highlighting her integrity, professionalism, and dedication. He praised her as a principled and dignified voice in Pakistan's economic history. Born in Hyderabad, Akhtar's journey was one of perseverance and excellence. Her contributions to Pakistan's economic landscape are undeniable, and her legacy will continue to inspire future generations.