Moeenuddin Ahmad Qureshi

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Moeenuddin Ahmad Qureshi
Acting President)
Preceded byNawaz Sharif
Succeeded byBenazir Bhutto
Personal details
Born(1930-06-26)26 June 1930
Washington D.C., United States
Alma materGovernment College University
Punjab University
Indiana University Bloomington
ProfessionCivil servant, economist

Moeenuddin Ahmad Qureshi (

caretaker prime minister of Pakistan from July to October 1993. Qureshi also served as the senior vice president of World Bank.[2]

Biography

Early life and education

Moeenuddin Ahmad Qureshi was born in

Islamia College in Lahore and made a transfer to the Government College University in Lahore where he gained B.A. (Honors) in Economics and received an M.A. in Economics from the Punjab University.[4]

He received the Fulbright scholarship and went to the United States to attend the Indiana University Bloomington in Indiana, where he earned a PhD in Economics in 1955.[5]

Public service, IMF, and World Bank

In 1955, he returned to

Executive Vice President from 1974 until 1977. Qureshi oversaw the global operations which involved the financing of private enterprises and investments, including joint ventures and capital market operations in developing countries.[3]

In 1981, he was invited by the then President of the World Bank, Robert McNamara, to join the World Bank and become the senior vice president of finance, which he remained until 1987. Eventually, he was appointed the Senior Vice President of the World Bank and oversaw its financial operations all over the world.[5] In 1991–92, he left the World Bank and settled in the United States and formed a private Hedge fund, the Emerging Market Associates.[3][6]

Acting Prime Minister of Pakistan

Main article: Qureshi caretaker ministry

In 1993, Pakistan averted a major constitutional crisis when both

Pakistani military. The resolution was unique because an elected government had voluntarily stepped down in order to avoid possible military intervention and the resignations came through a constitutional process.[5]

The

Acting President.[5]

Meanwhile, Qureshi, who was visiting Singapore in 1993, received a telephone call from President Ghulam Ishaq asking him to form a caretaker, but technocratic, government. He reluctantly accepted the offer and returned to Islamabad soon after. At the time of his appointment, Qureshi was largely unknown to the public and political circles. It was, however, felt that, being a political outsider, he would remain neutral.[5]

His tenure lasted for a three-month period but saw extensive reforms made by him that were supported by an

Chief Ministers which allowed them to a lot residential flats and plots to their "favorites".[9]

The state television,

Radio Pakistan were made independent and were given the opportunity to air elections freely and impartially.[9] It goes to his credit that he undertook various endeavors in such a short period of time and made a serious effort to recover Government dues.[9]

Despite his attempts to harmonize the economy, Qureshi's main task was to hold nationwide general elections in 1993 to make way for an elected government to form the government. In 1993, he oversaw the

Pakistan Peoples Party led by Benazir Bhutto.[5]

Health and death

In 2014, Qureshi was diagnosed with the Parkinson's disease and reportedly underwent treatment for the chronic obstructive pulmonary disease (COPD) in a local hospital.[10]

On November 23, 2016, his family announced that Qureshi had died in Washington, D.C., following a long illness that he was undergoing treatment for in a local hospital.[11] He had had a lung infection and buried in Washington D.C.[12]

Legacy

EMP Global and private sector

After congratulating and witnessing

AIG held a minority stake in EMP and served as a sponsor of, as well as a major investor in, a number of funds bearing its name for which EMP served as Principal Adviser.[14] EMP bought out AIG's stake and became an independent company in 2005.[15]

After his departure from Pakistan, Qureshi received criticism that, in his last days at the office, he made a large number of promotions and other administrative decisions in favor of his relatives.

Azadi March against Prime Minister Nawaz Sharif.[16]

Personal life and wealth

Qureshi was married to an

$8 million in May 2016.[17] It was purchased by President Donald Trump's counselor Kellyanne Conway[18]
for $7.785 million.

References

  1. ^ "Former caretaker PM Moeenuddin Qureshi passes away in Washington - The Express Tribune". 23 November 2016.
  2. ^ "Former caretaker PM Moeenuddin Qureshi passes away in Washington – The Express Tribune". The Express Tribune. 2016-11-23. Retrieved 2016-11-23.
  3. ^ a b c d e f "Moin A. Qureshi: Former Caretaker Prime Minister of Pakistan". storyofpakistan.com. Story of Pakistan. 8 October 2004. Retrieved 5 October 2016.
  4. ^ "Stocks". Bloomberg.com. Retrieved 7 October 2016.
  5. ^
    ISBN 9781442241480
    . Retrieved 5 October 2016.
  6. ^ Biography on EMP Global's webpage Archived 2008-10-13 at the Wayback Machine
  7. ISBN 9780816061846
    . Retrieved 5 October 2016.
  8. ISBN 9780810851795
    . Retrieved 6 October 2016.
  9. ^ a b c d "Moin Qureshi Becomes Caretaker Prime Minister". Story Of Pakistan. 1 June 2003. Retrieved 7 October 2016.
  10. ^ Staff reporter (27 November 2016). "Former Pm Moeen Qureshi Buried In Usa | Daily Jang News". jang.com.pk (in Urdu). Jang Newspapers, US Bureau. Jang Newspapers. Retrieved 27 November 2016.
  11. ^ Web Desk (23 November 2016). "Former caretaker PM Moeenuddin Qureshi passes away". ARYNEWS. ARY News, US Bureau chief. ARY News. Retrieved 27 November 2016.
  12. ^ News International. "Former caretaker PM Moeen Qureshi dies". www.thenews.com.pk. News International, US Bureau. News International. Retrieved 27 November 2016.
  13. ^ "EMP Global About Us". www.empwdc.com. EMP Global About Us. Archived from the original on 13 December 2013. Retrieved 7 October 2016.
  14. ISBN 9781118519578
    . Retrieved 7 October 2016.
  15. ^ History on EMP Global Website Archived 2010-11-21 at the Wayback Machine
  16. ^ Abbas, Mazhar. "Is political turmoil in the offing?". www.thenews.com.pk. The News, Abbas. Retrieved 7 October 2016.
  17. ^ Stone, Madeline. "A 2-in-1 mansion belonging to a former World Bank vice president is back on the market for $8 million". Business Insider. Retrieved 7 October 2016.
  18. ^ "Kellyanne Conway buys a spectacular D.C. mansion". www.bizjournals.com. May 25, 2017. Retrieved 2021-01-12.

External links

Political offices
Preceded by Prime Minister of Pakistan
Caretaker
1993 		Succeeded by
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