|Federal Minister of Finance, Revenue|
|Assumed office |
17 August 2023
|Prime Minister||Anwar ul Haq Kakar|
|Preceded by||Ishaq Dar|
5 June 2018 – 18 August 2018
|Prime Minister||Nasirul Mulk|
|Preceded by||Miftah Ismail|
|Succeeded by||Asad Umar|
|Executive Secretary of United Nations Economic and Social Commission for Asia and the Pacific (UN ESCAP)|
10 December 2013 – 2018
|Preceded by||Noeleen Heyzer|
|Succeeded by||Armida Salsiah Alisjahbana|
|14th Governor of the State Bank of Pakistan|
2 December 2006 – 1 January 2009
|Prime Minister||Yousaf Raza Gillani|
|Preceded by||Ishrat Hussain|
|Succeeded by||Syed Salim Raza|
|Vice President of World Bank for Middle East and North Africa|
1 January 2009 – 6 July 2009
Hyderabad, Sindh, Dominion of Pakistan
|Alma mater||University of the West of Scotland (PhD)|
University of Sussex (MA)
Quaid-i-Azam University (MSc)
University of the Punjab (BA)
Shamshad Akhtar is a Pakistani development economist, United Nations diplomat, banker and politician who also is the current caretaker Finance Minister of Pakistan, in office since 17 August 2023. She also previously served as the caretaker Finance Minister from 5 June 2018 to 18 August 2018.
Prior to that, she served as the 14th Governor of the State Bank of Pakistan, the first woman to assume this position. She also served as a senior adviser to the then Secretary-General of the United Nations, Ban Ki-moon and as Vice-President of the World Bank.
Since 17 August 2023, she has been serving as care taker Federal Minister of Finance
Early life and education
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.
Akhtar started her career in 1980 with the Planning Commission in Islamabad but moved 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 2009, Akhtar re-joined the Asian Development Bank as a senior advisor to Haruhiko Kuroda. She moved to Washington, D.C. to be able to work at the World Bank and served as the Vice President, World Bank Middle East and North Africa region. During this period, she spearheaded the bank's response to the Arab Spring political campaign and the Arab regional integration strategy and its implementation.
In September 2011, she moved to the United Nations to serve as the Assistant Secretary-General for Economic and Social Affairs and Senior Adviser on Economic Development and Finance to the UN Secretary-General Ban Ki-moon.
In 2023, Akhtar was appointed as caretaker finance minister of Pakistan
- On 23 October 2007, Akhtar was conferred Best Central Bank Governor for Asia 2007 by the Euromoney Institutional Investor.
- On 11 November 2008, Akhtar was named amongst the top ten women leaders in Asia by The Wall Street Journal.
- "Caretaker cabinet of PM Anwaar-ul-Haq Kakar sworn in". Geo.tv. 17 August 2023. Retrieved 18 August 2023.
- "Biography of Executive Secretary Shamshad Akhtar". United Nations ESCAP website. 2 February 2014. Archived from the original on 17 January 2017. Retrieved 11 April 2022.
- "Former SBP governor appointed Executive Secretary UNESCAP". The Express Tribune (newspaper). 10 December 2013. Retrieved 11 April 2022.
- "Dr Shamshad named first SBP woman governor". Dawn (newspaper). 4 December 2005. Retrieved 11 April 2022.
- "Profile of Shamshad Akhtar". State Bank of Pakistan website. Retrieved 11 April 2022.
- "Shamshad Akhtar - biography and personal life". 31 August 2021. Retrieved 11 April 2022.
- "Dr Akhtar among top ten women in Asia". Dawn (newspaper). 11 November 2008. Retrieved 11 April 2022.
- "Shamshad Akhtar profile". World Bank Blogs. 25 October 2010. Retrieved 11 April 2022.
-  United Nations, press release of June 29, 2020.