Shamshad Akhtar

Shamshad Akhtar was born in Hyderabad, Sindh, Pakistan. 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. == Career ==

Akhtar started her career in 1980 with the Planning Commission in Islamabad but moved a 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. 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. In December 2013, Akhtar was appointed the 10th Executive Secretary of UNESCAP in Bangkok. In 2023, Akhtar was appointed caretaker finance minister of Pakistan in the Kakar caretaker government. == Wealth ==

According to Election Commission of Pakistan, prior to assuming her role as caretaker finance minister in 2023, Akhtar declared her net worth to be . Among the mentioned assets are in Naya Pakistan Certificates, in Pakistani treasury bills, shares of Pakistan State Oil worth Rs. 0.3 million, and residential plots in DHA. Akhtar also had more than deposited in different banks. == Death ==

Akhtar died on 27 December from a cardiac arrest at the age of 71. == Awards and honours ==

• On 23 October 2007, Akhtar was conferred Best Central Bank Governor for Asia 2007 by the Euromoney Institutional Investor. • On 23 March 2024, Akhtar was honored with the Nishan-e-Imtiaz in recognition of her service in the public sector. ==References==