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Shaukat Aziz is a Pakistani former banker and politician who served as prime minister and finance minister of Pakistan from 2004 to 2007. He implemented economic reforms, privatisation, and liberalisation policies that improved Pakistan's growth, reserves, and image.
Shaukat Aziz was the Prime Minister of Pakistan from 2004 to 2007, as well as the Finance Minister of Pakistan from 1999 to 2007. Upon leaving the Prime Minister’s office on 15 November 2007, he became the first Prime Minister of Pakistan to complete a full term in office.
Shaukat Aziz is a former Prime Minister of Pakistan and a global finance expert with 30 years of experience. He served as Minister of Finance, Citibank executive, and a board member of several organizations.
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- Career
- Foreign-Relationships
- Economic Policy
- Post-Political Life
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Career at Citibank
He started working as a credit officer at Citibank Pakistan’s corporate branch in 1969. He served in several countries such as the USA, Greece, Pakistan, Malaysia, U.K, Jordan, Singapore, Saudi Arabia, and the Philippines. After assuming the corporate assignment’s charge in the USA, he settled in New York and hold the charge of office operations of Citibank at ‘Empire Building.’ He didn’t receive American Green card and continued to enhance his legal position. In the USA he served at various...
Role in Expansion of Citibank’s Branches
He played a significant part in expanding branches of Citibank throughout the country, and became successful in bringing some multi-national banking firms to Pakistan in 1990. Aziz remained notable for managing and funding funds on behest of Citibank. He kept visiting Pakistan to expand banking and financial services of Citibank. In 1990 he worked with Nawaz Shareef and Benazir’s governments to assist negotiate aid and relief packages to Pakistan. He made ties with USA administration.
Financial Minister
He stayed in New York in 1999 as Citi Private Bank’s President before coming to Pakistan. In 1999 he held the Ministry of Finance and handled Pakistani economy with full responsibility for Revenue Divisions, Planning & Development, Statistics Division, Economic Matters, and Finance. As Finance Minister he led several economic committees of the cabinet including cabinet committee on ‘Privatization,’ and ‘Investment.’
He took steps to strengthen ties with the European Union, China, India, Saudi Arabia, and Russia. During his tenure ties with the USA were extremely friendly. Aziz’s foreign policy followed a BFP (Balance Foreign Policy) Program intending to strengthen relations with E.U., U.S., and Intl Community.
During his Government, Pakistan’s Economic Growth improved from 6.4%-9% per year. For the 1sttime in Pakistan’s history, revenue collection goals achieved in time. Funds allocation for developmental purposes increased to Forty per cent. However, according to reports, U.S. Aid is behind this economic growth as Pakistan was supporting the USA in its ...
Currently, he is living in the United Kingdom and is serving on several advisory boards such as ‘The Blackstone Group’ and ‘Millennium & Copthorne Hotels.’ He remained involved in economic affairs and criticized the IMF on failing to display leadership during the World Financial Crisis. In 2008, he strongly criticized the IMF and stated, that IMF h...
Learn about Shaukat Aziz, a Pakistani national and former financier and banker who served as Pakistan's PM and finance minister from 2004 to 2007. Find out his biography, career, achievements, controversies, and post-political life.
- شوکت عزیز
- Pakistani, United States, United Kingdom
- Shaukat Aziz
- London United Kingdom
May 9, 2016 · Shaukat Aziz. Aziz’s take on the merger between Citigroup and Travelers in the late 1990s, sheds light on the dysfunctional discussions that took place between their respective leaders, John Reed and Sandy Weill, right from the outset.
Shaukat Aziz served as Prime Minister of Pakistan between 2004 and 2007, following five years as its Finance Minister and thirty years at Citibank. While in office, he steered one of the biggest economic turnarounds in recent history, taking Pakistan from the brink of bankruptcy.
Jul 6, 2016 · Shaukat Aziz: From banking to politics. Former Pakistani prime minister on being picked by Pervez Musharraf, his memoirs and what lies ahead for his country
