Dr Akhtar declared best central bank governor for Asia

KARACHI: Governor State Bank of Pakistan Dr Shamshad Akhtar has been conferred the prestigious and coveted award of ‘Best Central Bank Governor for Asia 2007’ to acknowledge her outstanding contribution to the overall financial sector and monetary policy management in Pakistan.

John Orchard, Managing Director Emerging Markets Newspaper, part of Euromoney Institutional Investor Plc, the providers of financial information worldwide, presented the award to Dr Akhtar at a ceremony held in Washington.

This award is based on nominations from regional investors, bankers, economists, analysts and other experts.

The award also unequivocally signifies the exceptional contribution Dr Akhtar has made to the overall development of the country’s financial sector and management of monetary policy.

“It is a big distinction for Pakistan and recognition of Pakistan’s standing in the emerging markets,” Dr Akhtar remarked after receiving the award.

Finance ministers, governors of central banks from several countries and senior officials of the international financial institutions were present at the award ceremony.