|Federal Minister for Finance, Revenue & Economic Affairs|
|Assumed office |
19 April 2022
|Prime Minister||Shehbaz Sharif|
|Preceded by||Shaukat Tarin|
27 April 2018 – 31 May 2018
|Prime Minister||Shahid Khaqan Abbasi|
|Preceded by||Himself (Adviser)|
|Succeeded by||Shamshad Akhtar (Caretaker)|
|Adviser to the Prime Minister for Finance|
27 December 2017 – 27 April 2018
|Prime Minister||Shahid Khaqan Abbasi|
|Preceded by||Ishaq Dar|
|Succeeded by||Himself (Federal Minister)|
|Special Assistant to the Prime Minister (Minister of State)|
4 January 2014 – 28 July 2017
|Prime Minister||Nawaz Sharif|
Shahid Khaqan Abbasi
|Head & Vice Chairman Punjab Board of Investment and Trade|
|Chief Minister & Chairman||Shehbaz Sharif|
|Born||23 July 1965|
Karachi, Sindh, Pakistan
|Political party||Pakistan Muslim League (N)|
|Spouse(s)||Reema Miftah Ismail|
|Alma mater||Duquesne University (B.S)|
Wharton School of the University of Pennsylvania (Ph.D)
Miftah Ismail (born 23 July 1965) is a Pakistani politician and political economist who is currently serving as Pakistan's Minister of Finance as of 2022. He also served on previous government from April 2018 to May 2018. Prior to that, he served as the Federal Adviser on Finance, Revenue and Economic Affairs, chairman of the Pakistan Board of Investment and an economist with the International Monetary Fund.
Early life and career
He was born on 23 July 1965 in Karachi Pakistan, Ismail received his B.S. degree from Duquesne University in business studies in 1985, followed by a Ph.D degree in public finance and political economy from the Wharton School, University of Pennsylvania, in 1990. Ismail worked with the International Monetary Fund as an economist based in Washington, D.C. in the early 1990s.
He returned to Pakistan to work for his family business, Ismail Industries Limited, in 1993. The business includes the manufacturing of confectionery (candies), biscuits, potato chips, and plastics and has an annual revenue of about 200 million dollars.
During the 2013 Pakistani general election, Ismail served as a member of the election strategy team and the manifesto committee of Pakistan Muslim League (N). In October 2013, Ismail became a member of the Board of Directors of Pakistan International Airlines. In November 2013, he joined the Board of Directors of Sui Southern Gas Company. Both of these positions he retained until 4 January 2014, when he was appointed as the head of Federal Board of Investment and was added as a junior member of the Prime Minister Sharif's cabinet. Under his leadership the Board of Investment underwent massive restructuring including winding up of its regional offices. During his tenure at the Board of Investment, the government of Pakistan formulated a new automobile sector policy that has attracted a lot of new investment in the automobile sector.
After being appointed as one of the key finance advisers to the Prime Minister Shahid Khaqan Abbasi in December 2017, he stated that one of his top priorities is to help broaden the extremely narrow tax base in Pakistan which would strengthen the overall economy. He said that he would help design an economic policy that gives opportunity to the wealthy Pakistanis abroad to bring back their wealth. In other words, the government was ready to initiate an 'offshore tax amnesty scheme' soon.
- Asian Infrastructure Investment Bank (AIIB), Ex-Officio Member of the Board of Governors (since 2017)
- World Bank, Ex-Officio Member of the Board of Governors (since 2017).
- "Miftah Ismail becomes finance adviser". The Express Tribune (newspaper). 27 December 2017. Retrieved 28 December 2017.
- "Wharton Alumni Shine in Pakistan Elections". whartonmagazine.com. Retrieved 15 February 2018.
- Khan, Sanaullah (26 December 2017). "Miftah Ismail appointed adviser to PM on finance, revenue and economic affairs". DAWN.COM. Retrieved 15 February 2018.
- "Dr. Miftah Ismail - ICAP SAFA Conference 2016 (Profile of Miftah Ismail)". Institute of Chartered Accountants of Pakistan website. Retrieved 28 December 2017.
- "Dr Ismail appointed new Board of Investment chairman". The News International (newspaper). 5 January 2014. Retrieved 28 December 2017.
- "Wharton Alumni Shine in Pakistan Elections". Wharton Magazine (University of Pennsylvania). 3 June 2013. Retrieved 28 December 2017.
- "Dr Miftah Ismail appointed as Chairman Board of Investment". Geo News website. 5 January 2014. Retrieved 28 December 2017.
- "Nawaz orders Board of Investment restructuring; winding up of regional offices". Dawn (newspaper). 16 August 2016. Retrieved 28 December 2017.
- "Change in government: Investment inflows could not pick up pace - The Express Tribune (newspaper)". 17 February 2014. Retrieved 28 December 2017.
- Miftah Ismail appointed as Advisor to Prime Minister on Finance, Revenue, Economic Affairs Business Recorder (business newspaper), Published 26 December 2017, Retrieved 28 December 2017
- "Miftah Ismail takes oath as new finance minister hours ahead of budget unveiling". Dawn. 27 April 2018. Retrieved 28 April 2018.
- Board of Governors Asian Infrastructure Investment Bank (AIIB).
- Board of Governors World Bank.