The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Shamshad Akhtar interview: Pakistan’s central bank head takes an optimistic view

Even given its tumultuous history, the past few months have been especially volatile in Pakistan, highlighted by the assassination of Benazir Bhutto. From a financial perspective, the country faces several problems, in particular rising inflation. Shamshad Akhtar, governor of the State Bank of Pakistan, tells Sudip Roy why, despite this, she is confident about the nation’s medium-term prospects.

More on Shamshad Akhtar

Shamshad Akhtar, State Bank of Pakistan

"Pakistan has a tremendous amount of economic potential and has shown a tremendous amount of resilience over the past few years"
Shamshad Akhtar, State Bank of Pakistan

Pakistan is a country of contradictions. On the one hand, economic growth is relatively healthy and the stock market is hitting record highs. On the other, inflation is a worry, as is a growing current account deficit. Which is the more accurate barometer of Pakistan’s medium-term prospects?
Pakistan has a tremendous amount of economic potential and has shown a tremendous amount of resilience over the past few years. The outcome in 2007 was, by all yardsticks, a decent one. What is complicating the situation, aside from our domestic politics, are inflationary pressures emerging from the food sector and higher oil prices. So there are a few problems.

Given these issues, what is the single-biggest financial problem facing the country?


This year we’ve had an exceptionally high level of pressure on the fiscal side.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree