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{{Short description|Pakistani banker}}
{{Multiple issues|
{{BLP sources|date=November 2017}}
{{BLP sources|date=November 2017}}
}}


{{Infobox officeholder
{{Infobox officeholder
| honorific-suffix = {{post-nominals|size=100%|list=[[Nishan-e-Imtiaz|NI]]}}
|name = Ishrat Hussain
| name = Ishrat Hussain
⚫
|office = [[Governor of the State Bank of Pakistan]]
| office = Advisor to the [[Prime Minister of Pakistan|Prime Minister]] for Institutional Reforms & Austerity<ref>{{cite web|url=https://dunyanews.tv/en/Pakistan/455831-PM-approves-constitution-of-task-force-on-civil-service-reforms|title=PM approves constitution of task force on civil service reforms }}</ref>
⚫
| term_start = 27 August 2018
⚫
| term_end = 11 April 2022
| succeeding =
| predecessor =
| president = [[Arif Alvi]]<br>
[[Mamnoon Hussain]]
| primeminister = [[Imran Khan]]
⚫
| office1 = 13th [[Governor of the State Bank of Pakistan]]
| image = Dr. Ishrat Husain (cropped).jpg
| image = Dr. Ishrat Husain (cropped).jpg
|predecessor = [[Muhammad Yaqub]]
| predecessor1 = [[Muhammad Yaqub]]
| primeminister = [[Nawaz Sharif]]<br />[[Shaukat Aziz]]
| primeminister1 = [[Zafarullah Khan Jamali]]<br />[[Shaukat Aziz]]
|successor = [[Shamshad Akhtar]]
| successor1 = [[Shamshad Akhtar]]
| governor2 = [[Ishrat-ul-Ibad Khan]]
| governor2 = [[Ishrat-ul-Ibad Khan]]
| office2 = Dean of [[IBA Karachi]]
| office2 = Dean of [[IBA Karachi]]
Line 15: Line 23:
| termend2 = 2016
| termend2 = 2016
| termstart2 = 2008
| termstart2 = 2008
|birth_date = {{birth date and age|1941|6|17|df=y}}
| birth_date = {{birth date and age|1941|6|17|df=y}}{{Citation needed|date= June 2018}}
|birth_place = A[[Allahabad]], [[British India]]
| birth_place = [[Allahabad]], [[British India]]
|nationality = {{PAK}}
| nationality = {{PAK}}
|death_date =
| death_date =
|death_place =
| death_place =
|alma_mater = [[Williams College]]<br />[[Boston University]]
| alma_mater = [[Williams College]] (B.A)

⚫
|term_start = 2 December 1999
[[Boston University]] (Ph.D)
⚫
|term_end = 1 December 2006
| term_start1 = 2 December 1999
| term_end1 = 1 December 2005
}}
}}
'''Ishrat Husain''' is a [[Pakistani people|Pakistani]] [[banker]] and [[economist]] who served as the dean of the [[Institute of Business Administration, Karachi|Institute of Business Administration]] (2008-2016) and the [[Governor of the State Bank of Pakistan]] (1999-2006).<ref>{{Cite news|url=http://herald.dawn.com/news/1153435|title=Reformer-in-chief: In conversation with Dr Ishrat Husain|date=2016-06-21|newspaper=Herald Magazine|access-date=2017-01-04}}</ref>
'''Ishrat Husain''' is a [[Pakistani people|Pakistani]] [[banker]] and [[economist]] who served as the dean of the [[Institute of Business Administration, Karachi|Institute of Business Administration]] (2008-2016) and the [[Governor of the State Bank of Pakistan]] (1999-2006).<ref>{{Cite news|url=http://herald.dawn.com/news/1153435|title=Reformer-in-chief: In conversation with Dr Ishrat Husain|date=2016-06-21|newspaper=Herald Magazine|access-date=2017-01-04}}</ref> He served as Advisor to Prime Minister ([[Imran Khan]]) for Institutional Reforms & Austerity, from 2018 to 2022.<ref>{{Cite web | url=https://www.geo.tv/amp/207947 |title = Meet Prime Minister Imran Khan's federal cabinet|date = 2018-08-20}}</ref>

⚫
Born in [[Allahabad]], [[British India]], Husain moved to [[Karachi]] in 1947 and joined the [[Civil Service of Pakistan|civil service]] in 1964. He received his [[M.A]] in [[development economics]] in 1972 from the [[Williams College]] and his [[PhD]] from the [[Boston University]] in 1978. He joined the [[World Bank]] in 1979, working initially as the country economist for [[Liberia]]. In 1994, Husain became the [[chief economist]] for [[Asia Pacific|Asia-Pacific]] region and between 1997 and 1999 headed World Bank's operations in [[Central Asia]]. He ended his World Bank career in 1999, and was appointed as the Governor of the [[State Bank of Pakistan]] and remained until December 2005.<ref>{{Cite web|url=https://ishrathusain.iba.edu.pk/|title=Dr. Ishrat Husain|website=ishrathusain.iba.edu.pk|access-date=2017-01-04}}</ref>

⚫
In 2008, he was appointed as the [[Dean (education)|Dean]] of [[Institute of Business Administration, Karachi|IBA Karachi]], in 2015 he was awarded the [[Nishan-e-Imtiaz]] by [[President of Pakistan|President]] [[Mamnoon Hussain|Mamnoon]]. He resigned as the dean of IBA in 2016, however remains the [[Professor emeritus|Professor Emeritus]] of the institute. During his tenure, IBA expanded from a solely business school to a [[Interdisciplinarity|interdisciplinary]] university.<ref>{{Cite news|url=https://en.dailypakistan.com.pk/pakistan/iba-dean-ishrat-husain-announces-retirement/|title=IBA dean Ishrat Husain announces retirement|newspaper=Daily Pakistan Global|language=en-US|access-date=2017-01-04}}</ref> In 2016, Hussain joined the [[Woodrow Wilson International Center for Scholars|Woodrow Wilson Center]] as a resident policy fellow.<ref>{{Cite news|url=https://www.wilsoncenter.org/article/wilson-center-appoints-dr-ishrat-husain-public-policy-fellow|title=Wilson Center Appoints Dr. Ishrat Husain as Public Policy Fellow|date=2016-05-03|newspaper=Wilson Center|access-date=2017-01-04}}</ref>

==Early life==
{{Unreferenced section|date= June 2018}}
Husain holds a master's degree in [[development economics]] from [[Williams College]] and a Ph.D. in Economics from [[Boston University]]. He is a graduate of the Executive Development Program jointly sponsored by [[Harvard University|Harvard]], [[Stanford University|Stanford]] and [[INSEAD]].


==Life==
Husain joined the elite [[Civil Service of Pakistan]] in 1964 and served in the field and also held mid-level policy making positions in the Finance, Planning and Development departments before moving to Washington, D.C. in 1979 to join the [[World Bank]] as an Economist in West Africa Programs Department. He became the Bank’s Resident Representative to [[Nigeria]] in 1983 and led the Bank’s team that assisted Nigeria in formulating its first ever [[structural adjustment]] program in 1986. On his return to headquarters, he headed the Bank’s Debt and International Finance Division and contributed to the development of Bank’s strategy that led to World Bank and [[International Monetary Fund]]'s (IMF) participation in the Brady Initiative for Debt Reduction.


⚫
He received his [[Master of Arts|M.A.]] in [[development economics]] in 1972 from the [[Williams College]] and his [[PhD]] from the [[Boston University]] in 1978.{{Citation needed|date= June 2018}} He joined the [[World Bank]] in 1979, working initially as the country economist for [[Liberia]]. In 1994, Husain became the [[chief economist]] for [[Asia Pacific|Asia-Pacific]] region and between 1997 and 1999 headed World Bank's operations in [[Central Asia]]. He ended his World Bank career in 1999, and was appointed the Governor of the [[State Bank of Pakistan]] and remained until December 2005.<ref>{{Cite web|url=https://ishrathusain.iba.edu.pk/|title=Dr. Ishrat Husain|website=ishrathusain.iba.edu.pk|access-date=2017-01-04}}</ref>
==Career==
As Chief Economist for Africa between 1991–94 and later as Chief Economist for East Asia and Pacific Region he guided and supervised the Bank’s analytical work on the countries in these regions. In 1997 he was named the Country Director for Central Asian Republics and managed the World Bank’s relations, programs and policies with these countries. Earlier, he was the director of Poverty and Social Policy Department. He was responsible for the Bank's policies and strategy development in such areas as Poverty Reduction, Gender Relations and Dynamics, NGOs, and Reform within the Public Sector. He was the Chairperson of the Public Sector Group.


⚫
In 2008, he was appointed the [[Dean (education)|Dean]] of [[Institute of Business Administration, Karachi|IBA Karachi]], in 2015 he was awarded the [[Nishan-e-Imtiaz]] by [[President of Pakistan|President]] [[Mamnoon Hussain|Mamnoon]]. He resigned as the dean of IBA in 2016, however remains the [[Professor emeritus|Professor Emeritus]] of the institute. During his tenure, IBA expanded from a solely business school to an [[Interdisciplinarity|interdisciplinary]] university.<ref>{{Cite news|url=https://en.dailypakistan.com.pk/pakistan/iba-dean-ishrat-husain-announces-retirement/|title=IBA dean Ishrat Husain announces retirement|newspaper=Daily Pakistan Global|language=en-US|access-date=2017-01-04}}</ref> In 2016, Hussain joined the [[Woodrow Wilson International Center for Scholars|Woodrow Wilson Center]] as a resident policy fellow.<ref>{{Cite news|url=https://www.wilsoncenter.org/article/wilson-center-appoints-dr-ishrat-husain-public-policy-fellow|title=Wilson Center Appoints Dr. Ishrat Husain as Public Policy Fellow|date=2016-05-03|newspaper=Wilson Center|access-date=2017-01-04}}</ref>
Husain became the Governor of Pakistan's Central Bank in December 1999. During the next six years, he implemented a major program of restructuring of the Central Bank and steered the reforms of the banking sector, which are now recognized by the World Bank and IMF to be among the best in developing countries. The main ingredients of the program were merit-based recruitment, competency-enhancing training, performance-linked promotion, technology-driven business process and induction of high-level skilled human resources. He placed great emphasis on practicing values such as integrity, trust, teamwork for the entire work force starting from the top.[[File:Dr. Ishrat Husain.jpg|thumb|[[Nancy Birdsall]] with Hussain at [[IBA Karachi]].]]Chairman, National Commission for Government Reforms (2007–2008).
Governor, [[State Bank of Pakistan]] (1999–2005).
Director, Institute of Business Administration, Karachi (March 2008–Present).


⚫
==Awards and achievements==
Dr. Husain held the following positions during his tenure with the [[World Bank]].
* Director for Central Asian Republics
* Director, Poverty and Social Policy
* Chairperson of the World Bank's Public Sector Group
* Chief of the Debt and International Finance Division
* Chief Economist of the World Bank for East Asia and Pacific region
* Chief Economist for Africa
* Resident Representative in Nigeria
* Chairman, South Asian Network of Economic Research Institutions (SANEI)
* Member, Board of Directors, Pakistan National Council of Arts
* HEC Distinguished National Professor Chairman,
* HEC Social Sciences Committee Chairman,
* Kashf Foundation Member, Board of Trustees,
* The Aga Khan University (AKU) Member, Board of Governors,
* National School of Public Policy (NSPP) Member,
* Governing Council, International Centre for Education in Islamic Finance (INCIEF), Malaysia
* Member, Board of Directors, National Academy of Performing Arts (NAPA)
* Member, Board of Directors, Mahbubul Haq Centre for Human Development
* Member Senate, Pakistan Institute of Development Economics (PIDE)
* Distinguished Visiting Fellow, Social Policy Development Centre (SPDC)
* Member, Advisory Council, Woodrow Wilson Center


⚫
*[[Muhammad Ali Jinnah|Jinnah]] Award (2005) for [[civil service|services]] to people as Governor of the State Bank of Pakistan.<ref>DAWN (2006) [http://www.dawn.com/2006/05/01/local8.htm Ishrat Hussain, late Akhtar Hameed honoured]. 1 May. Retrieved on 25 April 2008.</ref>
⚫
==Awards and Achievements==
* Asian Banker Life Time Achievement Award 2006.
*Central Bank Governor of the Year in Asia Award (2005) by ''[[The Banker]]'' [[magazine]]. The first Pakistani Governor of the State Bank to receive the award.
⚫
*[[Jinnah]] Award (2005) in recognition of his outstanding and meritorious [[civil service|services]] to people as Governor of the State Bank of Pakistan.<ref>DAWN (2006) [http://www.dawn.com/2006/05/01/local8.htm Ishrat Hussain, late Akhtar Hameed honoured]. 1 May. Retrieved on 25 April 2008.</ref>
*Hilal e Imtiaz – Conferred by the President of Pakistan 2003.
* Nishan-e-Imtiaz – Conferred by the President of Pakistan for his services in the field of education, 2015.


==Notes==
==References==
{{reflist}}
{{Reflist}}


==Publications==
==Publications==
*[http://ishrathusain.iba.edu.pk/papers_new.html Papers & Articles]{{dead link|date=January 2018 |bot=InternetArchiveBot |fix-attempted=yes }}
*[http://ishrathusain.iba.edu.pk/papers.html Papers & Articles]
*[http://ishrathusain.iba.edu.pk/books_new.html Books & Monographs]
*[http://ishrathusain.iba.edu.pk/books_new.html Books & Monographs]
*[http://ishrathusain.iba.edu.pk/journals_new.html Refereed Journal Articles]
*[http://ishrathusain.iba.edu.pk/journals_new.html Refereed Journal Articles]
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{{s-end}}
{{s-end}}


{{Khan Cabinet}}
{{Governors of the State Bank of Pakistan|state=collapsed}}
{{Governors of the State Bank of Pakistan|state=collapsed}}
{{Authority control}}


{{DEFAULTSORT:Husain, Ishrat}}
{{DEFAULTSORT:Husain, Ishrat}}
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[[Category:Boston University alumni]]
[[Category:Boston University alumni]]
[[Category:Governors of the State Bank of Pakistan]]
[[Category:Governors of the State Bank of Pakistan]]
[[Category:Recipients of Hilal-i-Imtiaz]]
[[Category:Recipients of Nishan-e-Imtiaz]]
[[Category:Living people]]
[[Category:Living people]]
[[Category:Muhajir people]]
[[Category:Muhajir people]]
[[Category:Pakistani bankers]]
[[Category:Pakistani civil servants]]
[[Category:Pakistani expatriates in Nigeria]]
[[Category:Pakistani Muslims]]
[[Category:1941 births]]
[[Category:1941 births]]
[[Category:People from Karachi]]
[[Category:People from Karachi]]
[[Category:Institute of Business Administration, Karachi]]
[[Category:Executive Directors of the Institute of Business Administration, Karachi]]

Latest revision as of 13:36, 2 October 2024

Ishrat Hussain
NI
Advisor to the Prime Minister for Institutional Reforms & Austerity[1]
In office
27 August 2018 – 11 April 2022
PresidentArif Alvi
Mamnoon Hussain
Prime MinisterImran Khan
13th Governor of the State Bank of Pakistan
In office
2 December 1999 – 1 December 2005
Prime MinisterZafarullah Khan Jamali
Shaukat Aziz
Preceded byMuhammad Yaqub
Succeeded byShamshad Akhtar
Dean of IBA Karachi
In office
2008–2016
GovernorIshrat-ul-Ibad Khan
Succeeded byFarrukh Iqbal
Personal details
Born (1941-06-17) 17 June 1941 (age 83)[citation needed]
Allahabad, British India
Nationality Pakistan
Alma materWilliams College (B.A) Boston University (Ph.D)

Ishrat Husain is a Pakistani banker and economist who served as the dean of the Institute of Business Administration (2008-2016) and the Governor of the State Bank of Pakistan (1999-2006).[2] He served as Advisor to Prime Minister (Imran Khan) for Institutional Reforms & Austerity, from 2018 to 2022.[3]

Life

[edit]

He received his M.A. in development economics in 1972 from the Williams College and his PhD from the Boston University in 1978.[citation needed] He joined the World Bank in 1979, working initially as the country economist for Liberia. In 1994, Husain became the chief economist for Asia-Pacific region and between 1997 and 1999 headed World Bank's operations in Central Asia. He ended his World Bank career in 1999, and was appointed the Governor of the State Bank of Pakistan and remained until December 2005.[4]

In 2008, he was appointed the Dean of IBA Karachi, in 2015 he was awarded the Nishan-e-Imtiaz by President Mamnoon. He resigned as the dean of IBA in 2016, however remains the Professor Emeritus of the institute. During his tenure, IBA expanded from a solely business school to an interdisciplinary university.[5] In 2016, Hussain joined the Woodrow Wilson Center as a resident policy fellow.[6]

Awards and achievements

[edit]
  • Jinnah Award (2005) for services to people as Governor of the State Bank of Pakistan.[7]

References

[edit]
  1. ^ "PM approves constitution of task force on civil service reforms".
  2. ^ "Reformer-in-chief: In conversation with Dr Ishrat Husain". Herald Magazine. 2016-06-21. Retrieved 2017-01-04.
  3. ^ "Meet Prime Minister Imran Khan's federal cabinet". 2018-08-20.
  4. ^ "Dr. Ishrat Husain". ishrathusain.iba.edu.pk. Retrieved 2017-01-04.
  5. ^ "IBA dean Ishrat Husain announces retirement". Daily Pakistan Global. Retrieved 2017-01-04.
  6. ^ "Wilson Center Appoints Dr. Ishrat Husain as Public Policy Fellow". Wilson Center. 2016-05-03. Retrieved 2017-01-04.
  7. ^ DAWN (2006) Ishrat Hussain, late Akhtar Hameed honoured. 1 May. Retrieved on 25 April 2008.

Publications

[edit]
[edit]
Civic offices
Preceded by Governor of the State Bank of Pakistan
1999–2006 		Succeeded by
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=Ishrat_Hussain&oldid=1248967352"