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Former SBP first female governor Shamshad dies

Gulf Today

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December 28, 2025

Shamshad Akhtar, the first and only woman to lead Pakistan's central bank and a two-time caretaker finance minister, died at 71, the finance ministry said on Saturday.

Former SBP first female governor Shamshad dies

The 71-year-old had a storied career both nationally and at international financial institutions.

Akhtar was serving as chairperson of the Pakistan Stock Exchange at the time of her death, giving her a rare role spanning Pakistan's monetary policy, fiscal management and capital markets.

She was governor of the State Bank of Pakistan from 2006 to 2009 and later led the finance ministry in caretaker governments ahead of the 2018 and 2024 general elections.

Finance Minister Muhammad Aurangzeb described Akhtar as a principled and dignified voice in Pakistan's economic history, praising her integrity, professionalism and long public service.

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