KARACHI – Renowned economist and former SBP Governor Dr Shamshad Akhtar passed away in Karachi due to cardiac arrest, leaving a significant void in Pakistan’s financial sector. Her death is mourned across the country’s economic and financial community.
Dr Shamshad Akhtar had remained professionally active until shortly before her passing. She served as chairperson of the stock exchange and Sui Southern Gas Company (SSGC), attending official duties at the Stock Exchange as recently as Friday. Her dedication to public service and economic development earned her widespread respect.
The funeral prayers of the late Dr Shamshad Akhtar are scheduled for Sunday after Zuhr prayers, according to family sources. Citizens, colleagues, and officials are expected to pay their respects and honor her contributions to Pakistan’s economic stability.
During her tenure as SBP Governor, Dr Akhtar played a crucial role in shaping the country’s monetary and financial policies. She was widely regarded as a seasoned technocrat and economist who brought professionalism and vision to Pakistan’s central banking and financial management systems. Her policies and decisions had a lasting impact on the banking sector and broader economy.
President Asif Ali Zardari expressed deep grief over the passing of Dr Shamshad Akhtar. He paid tribute to her exceptional services in economics and financial management, highlighting her valuable contributions to the country. The president also prayed for the elevation of her ranks and for patience and strength for her family.
Colleagues and financial experts have also acknowledged the late SBP Governor’s influence in promoting economic reforms and stabilizing Pakistan’s monetary framework. Her leadership and expertise will be remembered as a benchmark for future policymakers in the country.
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Dr Shamshad Akhtar’s passing marks the end of a distinguished career dedicated to Pakistan’s economic growth. The nation mourns a highly respected economist and former SBP Governor whose legacy will continue to inspire future generations in the financial sector.
