On Thursday, newly appointed caretaker finance czar Dr. Shamshad Akhtar has pledged to fulfill all international responsibilities, including those with the International Monetary Fund (IMF).
Along with the other 24 members of the caretaker prime minister’s cabinet, Dr. Akhtar took the oath of office at the President House on Thursday.
She has years of expertise from an accomplished career in jobs at both the national and international levels. Dr. Akhtar has a background in economics, development, and finance.
She assumed leadership of the State Bank of Pakistan in 2006 and served as governor for a three-year period, being the first woman to do so since the institution’s founding in 1948.
“Dr. Shamshad Akhtar stated her commitment to maintaining fiscal responsibility, encouraging investment, and bolstering initiatives to combat income disparity upon beginning her new post. She emphasized that all international commitments, including those to the IMF, will be kept, according to the statement.
Pakistan is still a participant in the International Monetary Fund (IMF) program at the time of the appointment. The nation got the first payment, totaling about $1.2 billion, under a $3 billion, nine-month Stand-By Arrangement (SBA), last month.
The nation avoided a possible default thanks to a last-minute agreement, but pressure still exists because of the high level of the country’s finance needs.
The caretaker regime, which is typically in charge of holding free and fair elections, is now also accountable for carrying out the reforms that were promised to the IMF.
She was welcomed by the secretary of finance and other top ministry officials upon her arrival at the finance ministry.
Later, the country’s important financial economic statistics were thoroughly discussed by the Secretary of Finance and his team.
President Dr. Arif Alvi awarded Dr. Akhtar the Nishan-i-Imtiaz earlier this week in honor of Independence Day.