Mr. Shahid Hafiz Kardar assumed the charge of the office of Governor, State Bank of Pakistan for a period of three years with effect from 9th September, 2010. Mr. Kardar, 58, an economist of repute is the 16th Governor of SBP since its inception in 1948.
Mr. Kardar had also served as Minister for Finance, Planning & Development, Excise and Taxation and Industries & Minerals Development, Government of Punjab from November 1999 to January 2001.
Mr. Kardar holds MA (with a major in Economics) from the University of Oxford and a Chartered Accountancy from the Institute of Chartered Accountants, England and Wales.
He had also held several other key positions including Chairman of the Punjab Education Foundation from June 2005-October 2008 and a Member of the a) National Commission for Government Reform (2006-2008); b) Banking Laws Review Commission for 4 years until 2007; and c) the Advisory Board of Kashf Microfinance Bank Ltd.; and d) several government Committees and Task Forces set up by the Federal and Punjab Governments at various points in time since mid 1980s.
Mr. Kardar, who is the son of the former test cricket captain Mr. Abdul Hafiz Kardar, has served numerous other organizations in various capacities including a) Honorary Treasurer, Human Rights Commission of Pakistan (HRCP); b) Member, Board of Governors, Beaconhouse National University and Beaconhouse Foundation; c) Director, Royal Bank of Scotland Pakistan, Service Industries Limited, Pakistan Security Printing Corporation and Free Media Foundation (South Asia Free Media Association); d) Member, Task Force on Education established by the Government of Pakistan and the British Government.
Mr. Kardar has been a visiting lecturer at Pakistan School of Public Policy, National Defence College, Pakistan Administrative Staff College, NIPA and Civil Services Academy. He is also a regular guest speaker at seminars organized within the country and abroad by academic institutions, multilateral and bilateral financial institutions and NGOs.
He has authored three books namely “Reflections on Pakistan’s Economy”, “The Political Economy of Pakistan” and “Polarization in the Regions: The Roots of Discontent,” besides writing several research papers covering economic and social issues of the country. He has also led several projects and studies on key socio-economic issues facing the country.