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

    The shocking story of Israel's disappeared babies

    The shocking story of Israel's disappeared babies

    New information has come to light about thousands of mostly Yemeni children believed to have been abducted in the 1950s.

    Stories from the sex trade

    Stories from the sex trade

    Dutch sex workers, pimps and johns share their stories.

    Inside the world of India's booming fertility industry

    Inside the world of India's booming fertility industry

    As the stigma associated with being childless persists, some elderly women in India risk it all to become mothers.