SBP expresses condolences on Dr. Shamshad Akhtar’s passing

December 29, 2025 (MLN):  The State Bank of Pakistan has expressed deep sorrow on the passing of Dr. Shamshad Akhtar, the country’s first female Governor of the central bank.

Dr. Akhtar, renowned for her exemplary leadership, integrity, and dedication to public service, played a pivotal role in strengthening the State Bank of Pakistan and advancing sound monetary and financial sector policies, according to a press release by the External Communications Department, SBP.

Her tenure left a lasting legacy that continues to inspire future generations.

In addition to her historic role at the State Bank, Dr. Akhtar served Pakistan and the international community through senior leadership positions at the Asian Development Bank, the World Bank, and the United Nations.

She also served as Caretaker Federal Minister for Finance and Revenue and Chairperson of the Pakistan Stock Exchange. Her distinguished career as an economist and global development leader significantly enhanced Pakistan’s standing in international financial and multilateral institutions.

The State Bank of Pakistan expressed its deepest condolences to Dr. Akhtar’s family, friends, and loved ones, noting that she will be remembered with respect and gratitude as a visionary leader and devoted servant of the nation.

“May her soul rest in eternal peace,” the Bank added.

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