Sunday, March 22, 2026
HomeCentral Bank CommentaryFormer State Bank Governor Dr. Shamshad Akhtar Passes Away

Former State Bank Governor Dr. Shamshad Akhtar Passes Away

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Introduction to Dr. Shamshad Akhtar

Dr. Shamshad Akhtar, the former Governor of the State Bank of Pakistan, has passed away. Her funeral prayers will be held in Karachi after Zuhr prayers, where various political, financial, and banking figures are expected to pay their respects.

Career and Achievements

Dr. Shamshad Akhtar assumed office as the 14th Governor of the State Bank of Pakistan on January 2, 2006. She was the first female governor of the central bank and had extensive national and international experience in the banking sector. Her appointment was a significant milestone, breaking the glass ceiling for women in the banking industry.

Legacy and Impact

As the first female governor, Dr. Shamshad Akhtar paved the way for future generations of women in banking. Her experience and expertise played a crucial role in shaping the country’s monetary policy and banking sector. Her legacy will be remembered as a trailblazer for women in the financial industry.

Funeral and Tributes

The funeral prayers for Dr. Shamshad Akhtar will be held in Karachi, where she will be remembered and honored by her peers and colleagues. The attendance of various political, financial, and banking figures is a testament to her impact and influence in the industry.

Conclusion

Dr. Shamshad Akhtar’s passing is a significant loss for the banking industry and the country. Her achievements and legacy will be remembered for years to come. As a pioneer for women in banking, she inspired a generation of females to pursue careers in the financial sector. Her contributions to the State Bank of Pakistan and the country’s economy will always be valued and respected.

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