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A Signature That Will Outlive Dr Shamshad Akhtar

Pakistan’s first female central bank governor, Dr. Shamshad Akhtar, has passed away at 71. From her signature on currency notes to leading the State Bank and Pakistan Stock Exchange, her legacy shaped the nation’s economic institutions.

In loving memory of Dr. Akhtar
  • At the State Bank, she emphasized institutional independence and monetary credibility.

  • As caretaker finance minister, she focused on continuity, not political imprinting.

  • At the Pakistan Stock Exchange, she represented a rare bridge between policy discipline and market governance.

She understood that economies are not saved by speeches — but by boring, consistent decisions done right.

And she did them, again and again.


Why Her Legacy Matters Now

Pakistan is once again at an economic crossroads — struggling with trust deficits, policy fatigue, and institutional erosion.

Dr. Shamshad Akhtar’s life offers an uncomfortable reminder:

Competence still matters.
Institutions still matter.
Quiet service still matters.

She broke barriers without making them the headline.
She led without turning leadership into spectacle.
She left behind not slogans — but systems.


Final Farewell

Dr. Shamshad Akhtar’s funeral prayers are scheduled for Sunday in Karachi.

She leaves behind family, colleagues, students, and an entire generation of economists — women and men alike — who saw in her a different model of public service.

One rooted not in noise, but in credibility.

And long after the headlines fade, her signature will remain — moving from hand to hand, note to note — a quiet reminder of a woman who helped hold Pakistan’s financial system together.

May Allah grant her the highest ranks in Jannah. Ameen.

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