Pakistan's first woman bank chief

The first woman to be appointed as the governor of Pakistan's central bank has taken up her position.

    Women's groups hailed Akhtar's appointment as a positive step

    Shamshad Akhtar, formerly a senior official at the Asian Development Bank, was named in December as the 14th governor of the State Bank of Pakistan since its inception in July 1948.

     

    In a statement, the bank said: "She brings rich experience, both national and international, to her new assignment."

     

    A Fulbright scholar at Harvard and visiting fellow at the university's economics department, Akhtar replaces Ishrat Hussain, who retired last month after serving six years.

     

    Akhtar worked as an economist for the World Bank for 10 years at its Pakistani resident mission.

     

    She then worked as director-general of the Manila-based Asian Development Bank's Southeast Asia department since 2004.

     

    Women's rights groups in socially and religiously conservative Pakistan have hailed Akhtar's appointment as a positive step.

    SOURCE: AFP


    YOU MIGHT ALSO LIKE

    How Moscow lost Riyadh in 1938

    How Moscow lost Riyadh in 1938

    Russian-Saudi relations could be very different today, if Stalin hadn't killed the Soviet ambassador to Saudi Arabia.

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    The War in October: What Happened in 1973?

    The War in October: What Happened in 1973?

    Al Jazeera examines three weeks of war from which both Arabs and Israelis claimed to emerge victorious.