Dr Shamshad Akhtar, a highly respected economist and the first woman to serve as Governor of the State Bank of Pakistan, has passed away. Her death marks a major loss for Pakistan’s financial and public policy institutions.
Dr Shamshad Akhtar was widely known for her strong professional integrity, deep economic insight, and firm commitment to institutional reform. She made history by becoming the first woman to lead the State Bank of Pakistan, setting a powerful example for women in finance and governance. During her tenure, she focused on financial discipline, transparency, and strengthening the independence of the central bank.
Over the years, Dr Akhtar played a key role in shaping Pakistan’s economic direction. She later served twice as caretaker federal finance minister during critical transition periods, where she was praised for her calm and responsible handling of financial challenges. Her leadership was often described as principled and data driven.
In addition to her national roles, Dr Shamshad Akhtar represented Pakistan at major international financial institutions, earning global respect for her expertise. She also served as chairperson of the Pakistan Stock Exchange, reflecting the trust placed in her experience across different areas of the economy.
In recognition of her lifelong services, she was awarded the Nishan e Imtiaz, one of Pakistan’s highest civilian honors. Political leaders, economists, and citizens have expressed deep grief over her passing, calling it a national loss.
Dr Shamshad Akhtar’s legacy will be remembered for breaking barriers, strengthening institutions, and inspiring future generations to serve the country with honesty, competence, and dedication.
