Pakistan’s new central bank governor began her tenure in January with promises to consolidate the sharp recovery of the country’s banks. Shamshad Akhtar, who is the first ever woman appointed to the position, could not have chosen a more appropriate time to return to Pakistan, following an illustrious international career with global developmental institutions spanning almost two decades.
Now her main challenge is to oversee the sharply improving fortunes of Pakistan’s banks as they face increasing demand for services that range from the needs of large corporate customers to those of individual consumers.