The President of the Asian Development Bank (ADB), Masato Kanda, has expressed profound shock and grief following the passing of the renowned Pakistani economist and former caretaker finance minister, Dr. Shamshad Akhtar. He paid rich tribute to her distinguished career and lasting contributions to regional development and public service.
A Lasting Impression and a Great Loss
In a heartfelt condolence message shared on the social media platform X, Masato Kanda revealed that he had met Dr. Akhtar just last month in Manila. He was deeply impressed by her insights and her unwavering dedication to public service. Kanda described her demise as a great loss for the entire development community, highlighting the void left by her expertise and passion.
A Legacy of Integrity at the Asian Development Bank
Masato Kanda fondly recalled Dr. Akhtar's significant tenure at the ADB, where she served as a Director General. He emphasized that she led with unquestionable integrity, playing a key role in shaping important initiatives for the region. Her work laid a strong foundation for sustainable growth, and her leadership at the institution continues to command widespread respect among her peers and successors.
Barrier-Breaking Roles in Pakistan
Beyond her international achievements at the ADB, Masato Kanda highlighted Dr. Akhtar's groundbreaking career in Pakistan. She etched her name in history by becoming the first woman to serve as the Governor of the State Bank of Pakistan. Her leadership portfolio further expanded as she took on the critical role of caretaker finance minister. She also provided guidance as the Chairperson of the Pakistan Stock Exchange, demonstrating her versatile expertise in financial governance and economic stability.
The tributes from the head of a major international financial institution underscore the global stature of Dr. Shamshad Akhtar and the significant impact of her work on both regional development and Pakistan's economic landscape.
