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Shamshad Akhtar, First Woman to Lead Pakistan’s Central Bank, Dies

The president leads tributes to the veteran economist credited with major financial reforms.

Overview

  • Multiple outlets reported her death on Saturday, with some attributing it to cardiac arrest.
  • President Asif Ali Zardari expressed deep sorrow and praised her service to economic governance.
  • Family sources said her funeral prayers will be offered in Karachi after Zuhr.
  • She served as governor of the State Bank of Pakistan from January 2, 2006, becoming its first female chief.
  • Her career spanned senior roles at the Asian Development Bank, including director general for Southeast Asia, and an earlier decade with the World Bank’s Pakistan mission.