Shamshad Akhtar: A Glimpse into the Life of a UN Diplomat, Economist, and Pakistan’s Caretaker Finance Minister

Dr. Shamshad Akhtar – A Beacon of Hope

Dr. Shamshad Akhtar - A Beacon of Hope

News: Dr. Shamshad Akhtar, a prominent figure of hope, presently serves as the Caretaker Finance Minister of Pakistan. Her substantial contributions to both the fields of economics and diplomacy have established her as an influential figure within Pakistan’s financial sphere.

Early Professional Journey and Accomplishments

Dr. Akhtar’s distinguished career features notable positions such as the Under-Secretary-General of the United Nations and the Executive Secretary of the Economic and Social Commission for Asia and the Pacific (ESCAP). These roles underscore her unwavering commitment to advancing socio-economic development in the Asia-Pacific region.

Dr. Akhtar’s journey commenced in 1954 in Hyderabad, Sindh, Pakistan. It began to take form with her attainment of a PhD in Economics from the Paisley College of Technology in Scotland in 1981. Following that, she joined Quaid-i-Azam University in Islamabad and subsequently left a significant mark at the World Bank, ascending to the role of Director of the Poverty Reduction and Economic Management Network.

Position at the United Nations

In 2011, Dr. Akhtar’s career soared to new heights when she was appointed as the Under-Secretary-General of the United Nations. During her tenure at the UN, she assumed a pivotal role in spearheading initiatives at ESCAP aimed at poverty alleviation, the promotion of sustainable development, and the facilitation of regional cooperation.

Interim Finance Minister

In August 2023, Dr. Akhtar took on the pivotal position of Caretaker Finance Minister in Pakistan at a critical juncture when the country required significant economic reforms. Acknowledging the existing deficiencies, she bravely accepted the task of revamping Pakistan’s tax system with the goal of establishing a streamlined, equitable, and efficient taxation mechanism to bolster government revenues.

Dr. Akhtar’s optimistic economic vision for Pakistan has struck a chord with the nation. Her ambitious projection of a $6 billion inflow within the fiscal year 2024 sets a promising stage for the country’s economic future.

Harnessing Technology to Drive Economic Advancement

In an era propelled by technology, Dr. Akhtar is dedicated to positioning Pakistan as a technological powerhouse, aligning with the aspirations of millions. She firmly believes that harnessing technology will serve as a catalyst for economic growth in the country.

Hobbies and Accomplishments in My Life

In addition to her remarkable professional achievements, Dr. Akhtar has a diverse set of passions and dreams. As the first female Governor of the Central Bank of Pakistan, she has made significant contributions to her field. In her leisure time, she finds enjoyment in playing golf and immersing herself in literature. Dr. Shamshad Akhtar stands as a symbol of hope, dedication, and resilience. Her journey from Hyderabad to the global stage is a testament to her unwavering spirit, making her an inspiring role model for countless individuals.

FAQs

Q: What notable accomplishments has Dr. Akhtar achieved in the realm of economics?

A: Dr. Akhtar has served as the Under-Secretary-General of the United Nations and the Executive Secretary of ESCAP, focusing on poverty reduction and sustainable development.

Q: What changes or reforms has Dr. Akhtar put into effect during their tenure as the Caretaker Finance Minister?

A: Dr. Akhtar has taken on the challenge of overhauling Pakistan’s tax system to create a streamlined and efficient mechanism for boosting government revenues.

Q: What is Dr. Akhtar’s vision regarding the impact of technology on Pakistan’s economic growth?

A: Dr. Akhtar believes that harnessing technology will position Pakistan as a technological powerhouse and serve as a catalyst for economic growth.

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