By Moin Ullah Shah
KRACHI: Former Governor of the State Bank of Pakistan, Shamshad Akhtar, has passed away due to cardiac arrest. She was the first woman to hold the position of Governor at the central bank.
Shamshad Akhtar assumed office as the 14th Governor of the State Bank on 2 January 2006. Her funeral prayers are scheduled to be held tomorrow after Zuhr in Karachi.
Born in Hyderabad, Akhtar received her early education in Karachi and Islamabad. She earned a BA in Economics from Punjab University in 1974 and an MSc in Economics from Quaid-i-Azam University. She later completed an MA in Development Economics from the University of Sussex in 1977 and obtained a doctorate in Economics from Paisley College of Technology in the United Kingdom in 1980.
President Asif Ali Zardari expressed deep sorrow over her passing, paying tribute to her contributions to Pakistan’s economy and financial governance. He prayed for her elevated status in the hereafter and extended condolences to her family.
