Profile

Dr. Abdul Hafeez Shaikh is an economist of international repute with over 30 years of experience in economic policymaking, management and implementation.

His work experience includes:

  • Harvard University, Cambridge
  • World Bank, where he was country head for Saudi Arabia and as a Senior Official advised 21 countries in Asia, Africa, Europe and Latin America
  • Minister for Finance, Planning and Development, Sindh
  • Member of the Senate of Pakistan
  • Federal Minister for Investment and Privatization, Pakistan
  • General Partner, international investment fund

Dr. Hafeez Shaikh had a highly successful tenure as Minister for Finance, Planning & Development in Sindh Province during 2000-2002. He was the architect of the financial recovery of Sindh, restoring financial discipline, reducing taxes, increasing revenues, paying over Rs. 20 billion of old bills, clearing the overdraft of State Bank of Pakistan of Rs. 11 billion, increasing allocation for poverty alleviation, social sector and development, and enhancing relationship of Sindh Government with international donor agencies.

His three years as the Federal Minister for Privatisation & Investment were the most successful in Pakistan’s history. 34 transactions worth over US $ 5 billion were completed in a transparent fashion. Using the slogan of “Privatization for the People”, shares in several companies were given to 0.8 million people, creating broad ownership. The period saw foreign direct Investment increase from $ 1 Billion to $ 5 Billion. Dr. Shaikh was awarded Pakistan’s “Man of the Year” in 2004 by the business community in recognition of his contributions to the country. He left Government in early 2006.

He was a highly regarded member of the Senate of Pakistan and was Chairman of the Senate’s Committee on World Trade Organization.

Dr. Shaikh’s international experience includes assignments in Saudi Arabia, Sri Lanka, Indonesia, Malaysia, Philippines, Thailand, Vietnam, Romania, Czech Republic, Iran, Kuwait, Argentina, Bangladesh, Jordan, Qatar, Malta, Botswana, Tanzania, Ghana and Libya.

After leaving the Government, Dr. Shaikh was General Partner of an international investment company, headquartered in New York, which set up a $1.38 Billion fund for investments in Asia.

Dr. Shaikh has a Ph.D in economics and has authored many publications including a book on Argentina.