Shaukat Aziz

Shaukat Aziz (Urdu: شوکت عزیز‎; born March 6, 1949 in Karachi, West-Pakistan) is a Pakistani economist and financier who served as the fifteenth Prime Minister of Pakistan from 20 August 2004 to 15 November 2007, and as well as the Finance Minister of Pakistan from 6 November 1999 until 15 November 2007. Educated and graduated from the Institute of Business Administration in Karachi, Aziz joined the corporate staff of the CitiBank Pakistan in 1969 and served in various countries' governments as CitiBank financier, and finally elevated as executive vice-president of Citibank in 1999. After accepting the personal request by General Pervez Musharraf, Aziz returned to Pakistan from the United States to assumed the charge of the Finance Ministry as its Finance minister while taking the control of country's economy. In 2004, Aziz was nominated by the Pakistan Muslim League, a conservative front, for the position of Prime Minister after the resignation of Zafarullah Khan Jamali on June 6, 2004.

Aziz's macroeconomics policies oversaw the political stability and economical progress, subsequently ending the distressing "era of stagflation" in 2001. Intensified privatization and economic liberalization programmes were personally initiated by Aziz, achieving to privatized all state-owned corporations and strengthened the country’s economic base which led the improvement of the country’s growth rate by 6.4% per year, reduction of poverty and inflation rate dropped to 3.5% in last 3 years as against 11-12% in 1990s. For the first time in Pakistan's history, all goals and revenue collection targets were met in his tenure and allocation for development has increased by about 40%. Moreover, despite a series of internal and external distresses, economic situation of Pakistan improved significantly and reserves increased to US$ 10.5billion on June 30, 2004 as compared to US$ 1.2billion October 1999. As Prime minister, Aziz oversaw the large-scale expansion of military reforms and police reforms and significant investment in the country that led the boom of automotive industry, energy megaprojects, nuclear industry, port industry and presided the unprecedented GDP growth. Aziz's policy expanded the internet, telecommunication services, and liberalized the private media of Pakistan as his vision to internationalize the image of the country.

Subsequently Aziz became the first Prime minister to complete a full term in the office, in the history of Pakistan. After his tenure completed, Aziz went on to settle in London, United Kingdom where he is currently serving on the Boards of Millennium and Copthorne Hotels plc.

Read more about Shaukat Aziz:  Education, Career in Citigroup, Finance Minister, Prime Minister, Controversies and Criticism, Post-politics

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Shaukat Aziz - Post-politics
... After completing his term, Shaukat Aziz lastly met with Pervez Musharraf before departing to United Kingdom where he currently resides in London, United Kingdom ... There, Aziz is currently serving on the Boards of Millennium Copthorne Hotels plc ... According to Aziz, he has maintained good relations with several members of his government and the members of the Parliament including his former Foreign Minister Khurshid Kasuri ...
Pervez Musharraf
... was one of the earliest initiatives were taken by him after appointing his close aide, Shaukat Aziz as Finance Minister ... in 2002, Musharraf accepted his resignation in 2004 and approved the appointment of Shaukat Aziz as Prime minister instead ... Voluntarily surrendering the powers of chief executive and the authority to Shaukat Aziz whom Musharraf eye-blindly trusted, their rule was marred by ...
Humayun Akhtar Khan - Politics - Prime Ministerial Candidate
... for Musharraf was Finance Minister Shaukat Aziz who was a Senator, not a Member of Parliament ... for two months and it was decided that Shaukat Aziz would contest an election for the national assembly via by-election ... after contesting and winning the by-election, Shaukat Aziz replaced Chaudhry Shujaat as Prime Minister ...
Yousaf Raza Gillani - Prime Minister of Pakistan - Financial and Economic Policy
... first days of government, Gillani attempted to continue the Privation programme of Shaukat Aziz, but the programme was abruptly terminated after the global recession took a sharp rise, and a severe financial crises ... appointed the former minister privatization and investment in the government of Shaukat Aziz, Dr ... to ~4.09% as compared to 8.96%—9.0% presided under his predecessor, Shaukat Aziz in 2004–08 while the yearly growth rate has come down from a long-term average of 5.0% to ~2.0%, though it did not ...