Faculty Profile

Dr. Ishrat Husain

Professor Emeritus

  • PGD (Executive Development Program), Harvard University-Stanford University-INSEAD, U.S.A. - 1997
  • PhD (Economics), Boston University, U.S.A. - 1978
  • MA (Development Economics),, Williams College, U.S.A. - 1972
Area of Specialization: (Executive Development Program)
Professional Activities:
On-board Status: Available


Work Experience:

  • - Professor Emeritus at IBA (Mar-2016 to PRESENT)
  • - Chairman at Centre for Excellence in Islamic Finance (Mar-2016 to PRESENT)
  • - Dean and Director at Institute of Business Administration, Karachi (May-2008 to Mar-2016)
  • - Chairman Completed a comprehensive report on the restructuring of the Federal ,Provincial and District Governments, reform of Civil services, business process reengineering and presented it to the Prime Minister of Pakistan. at National Commission for Government Reforms – NCGR (May-2006 to May-2008)
  • - Governor Headed the Central Bank of Pakistan. Actively participated in the conceptualization, formulation and implementation of a successful Economic Reform Programme for the country that led to macroeconomic stabilization and resumption of economic growth. Was responsible for the Financial Sector Reforms that strengthened the Country’s financial institutions, markets and infrastructure. Led the restructuring and capacity building of the State Bank of Pakistan that resulted in a strong regulatory framework. at State Bank of Pakistan, Karachi (Dec-1999 to Dec-2005)
  • - Director Azerbaijan, Tajikistan, Uzbekistan, and Aral Sea Country Unit Overall responsibility for the design and management of the Bank Group`s program in Azerbaijan, Tajikistan and Uzbekistan. Oversight of country teams on preparation and supervision of all projects in the three countries. Lead Bank`s Policy Dialogue on Macroeconomic and Structural Adjustment Issues. at World Bank, Washington, D.C. (Jul-1997 to Dec-1999)
  • - Director, Poverty and Social Policy Department Managed and directed the Bank`s policy process on the issues of poverty reduction, gender, labor markets, public sector and participation. Led the Bank’s pioneering work on Post-Conflict Reconstruction issues and directed the Board Paper setting out parameters of Bank’s assistance in this area. at World Bank, Washington, D.C. (Jul-1995 to Jun-1997)
  • - Chief Economist, East Asia and Pacific Region Carried out an extensive review of Bank`s economic and sector work and analytical studies on East Asia Region. Advised the Regional Managers in designing economic policy analysis pertaining to countries in East Asia Regio at World Bank, Washington, D.C. (Nov-1994 to Jun-1995)
  • - Chief Economist Africa Region Chief Economic Advisor to the Regional Vice President and Regional Managers on country strategy, economic and sector work and adjustment lending in African countries. Assisted the Regional Vice President in formulating economic development strategies for Sub-Saharan Africa. Worked with research complex of the Bank and outside academic institutions and provided intellectual leadership on analysis of key African economic development issues, particularly the agenda on Adjustment and Reforms. at World Bank, Washington, D.C (Jul-1991 to Oct-1994)
  • - Division Chief, Debt and International Finance Managed the Bank`s Debtor Reporting System -- the database on external debt of 111 developing countries. Managed the Bank`s Technical Assistance to developing countries on External Debt Management. Participated in the formulation of the Bank`s policy response to the Brady Initiative of Debt Reduction for Highly Indebted Countries. Managed the Bank`s research and analytical work on International financial issues relating to developing countries. at World Bank, Washington, D.C (Aug-1987 to Jun-1991)
  • - Resident Representative in Nigeria Led Bank learn in the formulation, preparation, implementation, negotiation, and supervision of Nigeria`s Structural Adjustment Program of comprehensive macroeconomic policy reforms and assisted in the processing and monitoring of Bank`s Trade Policy and Export Development Loan. Participated in the development of Bank`s lending program to Nigeria from $119 million in FY85 to $800 million in FY87 and assisted in the implementation of the program. Led Bank`s policy dialogue with the Nigerian authorities on key macroeconomic management and sectorial issues and provided informal advice and technical assistance to policy makers. Responsible for coordinating and strengthening the Bank`s relations with Nigerian authorities and expanding the relations with state governments, private sector, academia and the media. at World Bank, Lagos (Dec-1983 to Aug-1987)
  • - Senior Economist, West Africa Country Programs Division for Ghana Assisted the Government of Ghana in introducing their Economic Recovery Program (ERP) in 1983, which consisted of radical policy changes including a substantial devaluation (900%) of currency. Organized the Consultative Group for Ghana in October 1983 after a lapse of 13 years in which foreign donor’s committed financial and technical support to Ghana for ERP. Provided informal technical assistance and policy advice to the Minister of Finance in the articulation and implementation of ERP. Prepared and led the appraisal `of the Reconstruction Import Credit to Ghana in support of economic reforms. at Liberia and Sierra Leone, World Bank (Feb-1981 to Dec-1983)
  • - Country Economist for Liberia Prepared the Country Economic Memorandum on Liberia. Assisted the Government in preparation of Second Development Plan. Assisted the Government in Paris Club debt rescheduling. Carried out in-depth studies of public enterprises and foreign investment in Liberia. at World Bank (Feb-1979 to Feb-1981)
  • - Additional Secretary (Development) Analyzed and reviewed developments in the national and provincial economic situations with a view to suggest policy measures to the Cabinet. • Management of the preparation of sectorial reviews and economic situation reports for the Provincial Cabinet and the Federal Government. • Supervised preparation of basic economic projects and social indicators for the Province including the Gross Provincial product estimates. • Supervised financial and economic appraisal of development projects and chaired the approval meeting of the Provincial Development Working Party. • Head of Regional Planning project for the Province of Sind. at Planning and Development Dept, Govt of Sind, Pak. (Apr-1975 to Aug-1976)
  • - Acting Chief Economist Analyzed and reviewed developments in the national and provincial economic situations with a view to suggest policy measures to the Cabinet. • Management of the preparation of sectorial reviews and economic situation reports for the Provincial Cabinet and the Federal Government. • Supervised preparation of basic economic projects and social indicators for the Province including the Gross Provincial product estimates. • Supervised financial and economic appraisal of development projects and chaired the approval meeting of the Provincial Development Working Party. • Head of Regional Planning project for the Province of Sind. at Planning and Development Dept, Govt of Sind, Pak. (Feb-1973 to May-1973)
  • - Deputy, & then, Additional Secretary(Development) Prepared and later supervised financial and economic analysis, appraisal and evaluation of development projects. • Responsible for formulating and analyzing tax policy and preparing proposals for the consideration of the Cabinet. • Prepared annual economic analysis of the budget document based on the U.N. system. at Finance Department, Government of Sind, Pakistan (Jan-1972 to Dec-1975)
  • - Deputy Secretary (Foreign Aid) and Chief Headed the unit that appraised and evaluated industrial projects in the public sector and prepared the memos for the Governor`s approval. • Responsible for identification, formulation and follow-up of foreign economic and technical assistance to the Province of Sind. • Prepared the annual report on the Annual Development Program (A.D.P.) and quarterly economic situation reports. at Industries Section, Planning and Development Dept (Jan-1970 to Dec-1972)
  • - Additional Deputy Commissioner (Development) Headed the office responsible for planning, coordinating and monitoring the implementation of development projects in the District of Chittagong. Set up Rangunia Thana Cooperative Association based on integrated approach to Rural Development. at Chittagong, (now Bangladesh) (Jan-1968 to Dec-1969)
  • - Assistant Commissioner/SDO Headed sub-divisional administration, Rural Works Program, Thana/Tehsil Development Council. at Nawabshah, Shikarpur, Patuakhali in Bangladesh (Jan-1966 to Dec-1968)

Honors & Awards:
  • - Top of the Class, Center for Development Economics, Top of the Class, Center for Development Economics, Williams College, USA, 1972
  • - Lifetime achievement award 2005, Lifetime achievement award 2005 by the Asian Banker Magazine Singapore.
  • - Vice President, National Union of Students., Vice President, National Union of Students of Pakistan, 1958-1959.
  • - Jinnah award 2005,
  • - , Federation of Pakistan Chambers of Commerce and Industry Special Gold Medal 2005
  • - Central Bank Governor of the Year for Asia, Central Bank Governor of the Year for Asia - 2004 by The Banker Magazine, London.
  • - Hilal-e-Imtiaz, Hilal-e-Imtiaz - conferred by the President of Pakistan - 2003
  • - International Student Award, International Student Award for Outstanding Academic Achievement, Boston University, 1978.
  • - President, Commonwealth Club, President, Commonwealth Club, University of British Columbia, 1960-1961.
  • - Outstanding Foreign Student, Outstanding Foreign Student, University of British Columbia, Canada, 1960


ihusain@iba.edu.pk
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