Shaukat Aziz

Source: Wikipedia, the free encyclopedia.

For other people with the same name, see Shaukat Aziz (disambiguation).
Shaukat Aziz
شوکت عزیز
Chaudhry Shujaat Hussain
Himself
Preceded byIshaq Dar
Succeeded bySalman Shah
Personal details
Born
Shaukat Abdul Aziz

(1949-03-06) 6 March 1949 (age 75)
Gordon College
IBA

Shaukat Aziz (

executive vice-president of Citibank in 1999.[2] After accepting a personal request by General Pervez Musharraf, Aziz returned to Pakistan from the United States to assume charge of the Finance Ministry as the finance minister while taking control of the country's economy. In 2004, Aziz was nominated by the Musharraf loyalist government, led by Pakistan Muslim League (Q), for the position of prime minister after the resignation of Zafarullah Khan Jamali on 6 June 2004.[2][3]

Aziz's

media of Pakistan as his vision to internationalise the image of the country.[4]

Education

Shaukat Aziz was born in Karachi, Pakistan on 6 March 1949. He studied at Saint Patrick's School, Karachi and Abbottabad Public School, Abbottabad, Pakistan.

Pakistan Broadcasting Corporation (PBC) as chief engineer.[7] S.A. Aziz was noted for making singular contributions in the development of Radio Pakistan and was the architect of its external services; for this his father was conferred with state honours by the government of Pakistan in the 1950s.[8] S.A. Aziz was one of the pioneers who nurtured Radio Pakistan in its days of infancy, and chartered the future roadmap for expansion of its network, technological advancement and growth.[8]

The PBC moved his family to

Gordon College of Rawalpindi, Punjab province in 1965. Aziz obtained a BS[6] degree in Economics[6] in 1967 from Gordan College and moved back to Karachi the same year to enroll in a master's programme.[6] Aziz attended the master's programme of the Institute of Business Administration (IBA) in Karachi and obtained MBA in business administration in 1969.[6] While at the IBA, Aziz secured the internship of US-based Citibank. After his master's degree, Aziz was called to join the executive senior staff of the Citibank, based in the United States.[10]

Career in Citigroup

Main articles: Citibank and Citigroup

Initially, Aziz joined the corporate branch of Citibank Pakistan as its credit officer in 1969. During his career, Aziz subsequently served in various countries including Pakistan, Greece, United States, United Kingdom, Malaysia, Philippines, Jordan, Saudi Arabia and Singapore.[11]

When a multinational corporation wants to enter emerging markets, it call its lawyers, its accountants, its embassy...and of course, Citibank...

Aziz as the director of Asia/Pacific global finance operations, CitiBank[12]

After arriving to assume the charge of corporate assignment in the United States, Aziz settled in New York City and took over the office operations of Citibank at the

American citizenship,[14] whilst continuing to upgrade his legal status.[13][clarification needed
]

In the U.S., Aziz held numerous positions in Citibank across several divisions including Corporate and Investment Banking (CIB), Corporate Planning Officer (CPO), Chief Financial Officer of Citicorp and managing director of Citibank Singapore.[11] He has been a board member of Citibank subsidiaries, including Saudi American Bank, Citicorp Islamic Bank, and of several non-profit organizations.[15] Aziz played a pivotal role in expanding Citibank branches and corporate directive operations throughout the country and was instrumental in bringing multinational banking industries into Pakistan in the 1990s.[12]

At Citibank, Aziz served as the corporate director of Asia Pacific global finance operations and had been notable for financing and managing funds on behalf of Citibank and other financial corporations in global stock markets.[12] He was also involved with Citi Private Bank, a subsidiary of Citigroup.[16] Aziz regarded his career in Citigroup as "extremely helpful" in preparing him for the executive public office, in 2006.[17]

Aziz engaging in discussions with American officials.

Aziz continued to visit Pakistan, working to expand Citibank's financial services and banking, overseeing the wide expansion of Citigroup's branches and its influence in Pakistan.

Pakistan's Armed Forces who would also visit the United States as part of Sharif's and Benazir Bhutto's state visits.[12]

By the 1990s, Aziz had established many notable contacts within the United States administration.

Pakistan at its most, Taylor maintained.[1]

Finance Minister

Main articles:
Finance Minister of Pakistan
Aziz on a visit to United States

Shaukat Aziz had been a president of

Navaz Sharif on 12 October 1999.[19]

On 26 November 1999, while addressing a gathering of influential lobbyists of the

Pakistani American community, a political lobbying sub-body of the Association of Pakistani Physicians of North America (APPNA), Musharraf stated that: "Shaukat Aziz has come to Pakistan with forty other financial experts who have offered free service to revive Pakistan's national economy".[19] After a brief session, Musharraf asked Shaukat Aziz to stand up and introduce himself to the audience.[19]

Aziz reportedly returned with Musharraf in November 1999 and took charge of the

revenue divisions. As Minister of Finance Aziz also headed the Economic Coordination Committee of the Cabinet, the Cabinet Committee on Investment, the executive committee of the National Economic Council, and the Cabinet Committee on Privatization. As Finance minister, all state-owned mega-corporations came under the government-ownership while restructuring each mega-corporation to set off to privatisation.[20] During his first days, Aziz worked to control the economy in a difficult and hostile environment with then-President Muhammad Rafiq Tarar who called him "an alien", and many among those who were close to deposed prime minister Nawaz Sharif and Benazir Bhutto.[21] Other politicians including Fazal-ur-Rehman and Ameen Faheem became hostile towards Aziz and his policies; and harboured grave doubts about him because Aziz was not like a traditional politician in the country, an accredited politician.[21]

Initially there was a decline in the economy, and Aziz attributes this as "state (Pakistan) unpleasant relations with international financial institutions.

macroeconomic policies, taxation framework and a consistent investment policy.[22]

Shaukat Aziz with Paul Wolfowitz at The Pentagon, 2003.

After the

remove the Taliban from Afghanistan, cancellation and debt relief, loans from the World Bank, and direct support from U.S. Aid for national public development.[1] Aziz recommended policies and new plan of economic reforms, including the improved budgetary transparency and spending controls— a plan that was widely accepted by the United States.[1] With the help from United States Department of the Treasury, Aziz thwarted individuals, difficulties and obstacles to achieve success in his economic programmes.[1] In 2002, Aziz worked with U.S. administration to help advise the United States to finance the war in Afghanistan.[1] In the words of John B. Taylor, Aziz suggested that U.S. should call out for a meeting of finance ministers of the G7 member countries, where the illicit funding of money would become a great problem for G7 countries in the future.[1] In April 2002, Aziz chaired a historical meeting on behalf of Pakistan and the United States, helping the G7 members to understand how the illicit money was transferred was shared with the finance ministers of G7 members and Pakistan on other side.[1]

In 2001, Aziz implemented and activated the

economic liberalisation policies in the country.[20] Aziz's financial policies came under surrounding controversies,[20] creating new problems for Prime minister Zafarullah Khan Jamali to counter who was forced to resign the office in his favour.[20] His affordable real estate scheme encouraged common men to afford a house and a vehicle on low investment. On the other hand, this scheme brought an increased violation of zoning regulations in construction companies. Although, Zafarullah Khan Jamali controlled the inflation at its low level, his deregulation policies of price control caused the oil and sugar prices to skyrocket.[20] His public and liberalisation of economy policy expanded the political role of Supreme Court of Pakistan in a higher level of the government and to target high-level of government corruption independently without government interferences.[20]

By October 2007, at the end of Prime Minister Shaukat Aziz's tenure, Pakistan raised back its Foreign Reserves to $16.4 billion. Pakistan's trade deficit was at $13 billion, exports were $18 billion, revenue generation was $13 billion and attracted foreign investment was $8.4 billion.[23]

Pakistan's fiscal performance was praised by IMF and the World Bank.[24] The World Bank further reiterated that Pakistan's economic growth bolstered international confidence.[25]

IMF's new South Asia director Mr. George Abed, said he was "very pleased with the record of Pakistan in the past three years of continued macroeconomic and financial stabilisation and we have begun to think of Pakistan as a country of promise and a country of potentially high rate of growth".[26]

The Asian Development Bank also praised Pakistan's Micro-Finance.[27]

In 2001, Mr. Aziz was also named "Finance Minister of the Year" by Euromoney and Bankers magazines.

Assassination attempt

While campaigning on 30 July 2004, Aziz survived an assassination attempt in the Attock District of Punjab, Pakistan.[28][29] The suicide bomb attack was staged in Fateh Jang, a small town to the north of the capital, Islamabad, where Aziz was contesting an election.[28] The attempt was made when Aziz was departing after meeting with constituents. A suicide bomber, who was travelling with the Aziz motorcade, detonated the device next to the car in which Aziz was travelling, killing himself and Aziz's chauffeur, as well as six others.[28][30][31]

Aziz called the incident "tragic," and said it had claimed the lives of innocent people. He added that it had reinforced his resolve to serve Pakistan and the Islamic world.[32] After safely reaching Islamabad, Aziz instigated a probe, while the foreign office contacted its mission in Egypt to try to determine the veracity of an Al Qaeda claim of responsibility.[33] Ten suspected Al-Qaeda perpetrators were arrested in Egypt and later extradited to Pakistan for the crime.[33]

Prime Minister

By 2004, Aziz had become a right hand of general Musharraf, as Musharraf described in

Mir Zafarullah Khan Jamali on 26 June 2004, Hussain nominated Aziz for the office of prime minister and was also a top choice for the candidacy of prime ministerial post by Musharraf.[34][35]

However, Aziz was not a member of the

prime minister of India and Aziz was widely seen as compatible with his Indian counterpart.[36]

Shaukat Aziz at the White House with US president George W. Bush, 24 January 2006.

Having been described and labelled as an urban gentlemen and smartly dressed, Aziz was tasked with day-to-day running of the federal government and see that policies were more effectively executed while Musharraf handled the military issues.[35] In Pakistan, it was also said that Musharraf blindly trusted Aziz and sometimes, Musharraf's approvals were not needed for the projects that normally required permission.[35] Aziz quietly and more quickly undermined the elements seeking to undermine Musharraf which may have been a factor that Musharraf had blindly trusted Aziz.[35]

The post was held by

Tharparkar-I in Sindh, and Attock District.[38] Even after the assassination attempt, Aziz continued campaigning and won from both constituencies. Since he could retain only one seat, he immediately vacated his Tharparkar
seat, preferring to represent Attock, where he had won by 76,156 votes to 29,497.

Election as Prime Minister

Aziz was elected prime minister by parliament on 27 August 2004, by a vote of 191 to 151 in the

Atta ur Rahman
(as science adviser). Many of these technocrats ascended to join the successive governments and embark on successful career in the politics thereafter.

Aziz left office on 16 November 2007, at the end of the parliamentary term and became the first prime minister of Pakistan who left seat after completion of parliamentary term of five years.[39]

←June 2004 27 August 2004 2008→
Candidate Party Votes Obtained
Required majority → 172 out of 342
Shaukat Aziz Pakistan Muslim League (Q) 191 checkY
Abstentions
 151

Domestic reforms

Secretary of Defense Donald H. Rumsfeld (right) greets Prime Minister Shaukat Aziz at the Pentagon.

Aziz successfully oversaw the rapid development of the

court system in the country.[42] In 2005, Aziz's government installed 6,000 water supply and sanitation filter plants in entire, through the Khushal Pakistan (lit. Prospered Pakistan) programme, a scheme founded by Nawaz Sharif in the 1990s.[43]
As prime minister, Aziz took hard stance against rivals and took a hardline against his political challengers.
Pakistan Peoples Party of Benazir Bhutto and Pakistan Muslim League-N of Nawaz Sharif to concede their defeat and took asylum in United Kingdom.[44]

In 2005, a non-partisan local government elections were decided to be held in entire country, starting first to hold the elections in Karachi,

Gwadar port
.

Problems began to mount with nationalist

Akbar Bugti, an ally of Nawaz Sharif.[50] Although, Aziz repeatedly and forcefully denied the knowledge of any military action against Bugti and, as prime minister, Aziz never released any information of any military action in Balochistan.[50] However, Aziz appeared on television screens and stated that "Akbar Bugti died in a military operation during the night of August 25—26, 2008".[50] Aziz was inflicted with the involvement in the killing of Akbar Khan Bugti, although he has denied any involvement in any manner.[51]

In Islamabad alone, Aziz's government was forced to take military action, codename

Imam-e-Kaaba Abdul Rahman Al-Sudais also came to Pakistan on my request in connection with the issue.".[52]

One of the widely reported controversy took place in his government was the atomic proliferation scandal of Abdul Qadeer Khan. Aziz remains supportive towards Khan and efficiently took matters of Abdul Qadeer Khan in 2006 from President Musharraf. On 10 September 2006, Aziz sent flowers and personally visited Khan when he was hospitalised[53] and on 12 October 2007, Musharraf made it clear to United States and rest of the world that Khan "won't be handed over" at given any circumstances.[54] On a television speech, Aziz paid a huge tribute to Abdul Qadeer Khan and while commenting on last part of his speech, Aziz stressed it:

The (meritorious) services of scientist Dr. Abdul Qadeer Khan are "unforgettable" for our beloved country, "Pakistan"....

— Prime Minister Shaukat Aziz Shukat Aziz publicly supporting Abdul Qadeer Khan in 2007, source[53]

Energy policy

Main articles:
Nuclear energy in Pakistan
See also: Electricity sector in Pakistan and Energy policy of Pakistan
Shaukat Aziz at the World Economic Forum, 2008.

After assuming the office, Aziz announced a controversial "New 25-year energy plan", aiming to raise Pakistan's dependence on imported oil for power generation to 50% by 2030.[55] His government pushed for the renewable energy, and put efforts to established the solar energy and wind power sector in the country.[56]

Prime Minister Aziz's "New 25-year energy plan" remains extremely controversial and met great public criticism by

MW commercial nuclear power plant was built with Chinese assistance at the close vicinity of Chashma nuclear power complex. Aziz termed this project as "milestone" in the history of nuclear technology in Pakistan.[57] In 2007, Aziz approved the constructional development of KANUPP-II and the nuclear reprocessing site, the Nuclear Power Fuel Complex in Islamabad.[58] Aziz oversaw to increase the capacity building of the Pakistan Nuclear Regulatory Authority, a governmental nuclear safety authority, to meet the safety requirement of nuclear power plants.[59]
In 2007, Aziz further diversified his nuclear energy policy, terming it as "criteria based nuclear technology" while continued financing the nuclear power projects. Aziz presided initial construction of major
Yousaf Raza Gillani due economic distress, lack of capital and investment and continuing economic declines, leading an increasing circular debt.[61]

Defence reforms

Aziz oversaw the successful development of the

F-22P Zulfiquar.[64] In May 2006, Aziz stressed that: "Pakistan's deep military and economic cooperation with China was one not based on "transient interest," but was "higher than Himalayas, deeper than oceans".[64]

The

two countries
...

— Shaukat Aziz, 2007

In August 2006, Aziz visited the People's Republic of China, seeking Chinese cooperation in

nuclear deterrence programme as part of his defence policy. Aziz oversaw the successful development of the Shaheen-II missile program and witnessed its first flight at an undisclosed location in April 2006.[66] After witnessing the test, Aziz maintained that: "We will continue to pursue vigorously our security and energy needs from all sources including nuclear.".[67] On 8 August 2005, Aziz issued directives to tightened the security and control and command of the National Command Authority and ordered strict monitoring of atomic assets and facilities at all levels of command.[68]

In 2004, Aziz stated and clarified Pakistan's nuclear policy to the world and India in an interview given to the

Times of India
:

Pakistan's strategy of "

Times of India, [69]

From 2005 and onwards, Aziz's government took major steps against

atomic proliferation[68] while also making several decisions to increase the capacity of nuclear deterrence and sufficient use of nuclear energy for the civil sector.[68]

Foreign relations

Main article:
Foreign policy of Pakistan

On foreign fronts, Aziz closely collaborated with Musharraf while working to develop the

geostrategy in the region. Aziz took initiatives to strengthen the relations with the United States, European Union, Russia, India, China, and Saudi Arabia. Under his government, relations with the United States were extremely cordial and friendly.[70] His foreign policy strictly pursued and followed a "Balance Foreign Policy (BFP)" programme with an initial goal to keen to forge robust friendly ties with international community, US and European Union (EU).[71]

Shaukat Aziz with Condoleezza Rice, 2006.

Accompanied by

relations with Japan. After visiting Japan, Aziz welcomed investment in the manufacturing sector and Pakistani-Japanese joint ventures in steel manufacturing as an excellent symbol of cooperation in expanding steel production between the two countries.[73]

Aziz paid a farewell visit to South Korea to strengthen and enhance

Lee Hae Chan signed two agreements on cultural exchange and providing human resource management, and improving trade and cultural ties between South Korea and Pakistan.[74] Aziz strongly allied with the United States in the fight against terrorism, and in a meeting with an American journalist, Aziz maintained that: "Pakistan is now ideally positioned to "work with cooperation rather than confrontation as a force for peace, stability, and prosperity..".[75] During his tenure, relations with the United States strengthened and progressed.[76] In 2006, Aziz quoted: "Pakistan-American relations are based on mutual trust and respect and are long-standing.".[76] During his repeated visits to the United States, Aziz worked and deliberately approached the U.S. administration on building a strategic partnership with the United States, and made efforts to build a "robust-broad-based strategic relationship.".[77] Aziz's economic, domestic, and internal reforms focused on enriching a longer-term sustainable Pakistan-U.S. relationship and contributed immeasurably to both countries' joint struggle against extremism.[77]

Free Trade Agreement[84] with China, and regarded the country as a "strategic partner"[85] and a "time-tested friend,"[85] whilst China regarded the FTA agreement as "a historic development".[85] Aziz built closer economic ties with India while alleviating the territorial conflicts. After meeting with Indian counterpart Manmohan Singh, a confident measuring building process was initiated by Aziz.[86]

Aziz pushed his foreign policy to Russia,[87] calling Russia a "global super power".[88] In 2006, Aziz invited state-run and private-media of Russia where he repeatedly stressed for the need to enhance cooperation between Pakistan and Russia in the fields of education, science and technology, energy, defence and trade and investment.[87] Finally, in 2007, Russian prime minister Mikhail Fradkov paid a three-day-long visit to Pakistan, becoming the first Russian prime minister and leader to visit the country in 38 years.[89] During this trip, Aziz and Fradkov pledged to boost economic ties and signed two co-operation agreements .[90]

Economic policy

Main articles:
Privatization, Third Phase and Economic liberalisation in Pakistan
Pakistan's GDP growth rate from the period of nationalisation in the 1970s until the economic boom in 2004–08

Under Shaukat Aziz's government, the country's

support in the US-led war on terror.[4] Moreover, despite a series of internal and external distresses, economic situation of Pakistan improved significantly and reserves increased to US$10.7bn on 30 June 2004 as compared to US$1.2bn October 1999. Exchange Rate became stable and predictable; the inflation rate dropped to 3.5% last 3 years as against 11–12% in 1990.[4]

After taking control of the economy, Aziz aggressively promoted the privatisation, deregulation and economic liberalisation programme and open the large heavy mechanical industries, petroleum companies, electropetroleum and chemical enterprises and state-owned corporations to private sectors.[91] His tenure as finance minister and prime minister, the agriculture production and construction well increased, whilst aggressively and forcefully implementing his policies to liberalise the trade, and eliminated the non-tariff barriers.[91] Under his regime, the maximum bound tariffs were brought down to high as 300% to 25% whilst the applied tariff averages falls in the range of 5% to 10%.[91]

The poverty alleviation programme performances indicates Aziz's successful implementation of his policies.

The GDP growth which was at 3.9% in October 1999, stood between 6.6%—9% and successfully privatised all state-owned corporations and state enterprises before completing his term.

global financial crises in 2008 led the sharp drop in the country's economy while an acute electricity shortage in the country revealed the incompetence by the Peoples Party's government, but also the failure of his government to develop the necessary energy infrastructure on time.[92]

Political economists, however, gave other side of story by arguing that his policies were not aimed at alleviating poverty as he seldom offered relief to the poor sections of the society.[4] Shaukat Aziz is roundly criticized for his policy of downsizing in the public sector and disintegrating the effects of nationalisation policies of Benazir Bhutto as early as the 1990s but Aziz defended as he points out that his policies made these institutions viable while they were on the verge of collapse.[4] Political economist dr. S. Akbar Zaidi argues that his policies mastered Pakistan's economy but such indicators are misleading and unsustainable because his policies do not examine or explain the particular, perplexing economy of Pakistan.[93]

Image and credentials

A banker and financier by training and extensive experience in the United States, Aziz's credentials are extremely high and considered one of the successful finance minister of Pakistan.

Bob Rubin and Nicholas F. Brady who did well under Clinton and Reagan administrations.[77] He understands the role of banking, finance, investment and consumer credit in economic growth of a nation.[77] Aziz presided the strong banking sector, unprecedented investment and growth finance sectors in Pakistan to underpin its economy.[77] He strengthened capital availability, an essential and increasingly important economic input, in addition to labour and land improvements.[77] With higher education budget up 15-fold and overall education spending up 36% in two years, he focused on education to improve the availability of skilled labour to fill new jobs.[77]

As Prime minister and as well as finance minister, Aziz did extraordinarily well... statistics on Pakistan's economic growth has now grew at 8.4%— the second fastest growing economy in the world after China

— Richard Haas, 2006

Aziz aggressively pushed land development and public and private construction spending to improve infrastructure and facilities to attract greater business investment.[77] The international communities regarded Aziz as a reformer, with Pakistan's structural reforms ranking high amongst emerging economies.[77] Aziz co-chaired the Secretary-General's High Level Panel on the United Nations System-wide Coherence in the areas of development, humanitarian assistance and the environment. Aziz oversaw the success of the privatisation programme in Pakistan and most of the proceeds so far have come from the telecom and banking sectors, around 80% of Pakistan's banking sector was put under the private hands.[94]

Nothing is sacred, we are packaging up our companies

— Prime minister Shaukat Aziz, 2006

The BBC noted that the privatisation programme, initiated by Nawaz Sharif in 1990, picked up from a jog to a sprint under watchful eyes of Prime Minister Shaukat Aziz. The prime minister is considered the chief architect of privatisation and is widely respected among foreign investors.[94] In an interview with BBC, Aziz mentioned Pakistan's economic growth as he puts it:

Pakistan has had the most broad-based structural reform of any country in Asia. Last year, we were the second fastest growing economy in the world after China. We grew at 8.4%....

— Shaukat Aziz, 2006, [94]

In 2008, Aziz participated in the Global Creative Leadership Summit, organised by the Louise Blouin Foundation. As a delegate, he delivered a keynote speech for the panel entitled "Economic Crisis, Economics of Change: Credit, Commodities, and Trade."

Controversies and criticism

In spite of supervising and presiding the successful economic growth at an unprecedent level, his privatisation and energy policies remains extremely controversial in public circles.[4] Critics argued that Aziz's privatisation policies and privatised energy sector did not fully tackle with full force in country's economy. Aziz defended as he points out that his policies made these institutions viable while they were on the verge of collapse.[4]

An unsuccessful attempt to privatise the Pakistan Steel Mills was also thwarted by trade unions and pro-nationalization elements who took the case to Supreme Court of Pakistan in 2006. But Aziz said that his privatisation program produced "the second fastest growing economy in the world."[94]

On 30 October 2011, Aziz directed a letter sent from Dubai to the Provincial Police Office to Balochistan High Court stating "he had been mentioned in the FIR registered at the Dera Bugti Police Station on 13 October 2009, which alleged that then president Pervez Musharraf used him as part of Akbar Bugti case in which the latter committed suicide during a military operation.".[50] Aziz maintained that he was informed of "unfortunate event" through the televised media.[50] Aziz later stated in television that Akbar Bugti died in a military operation during the night of 25/26 August 2008.[50]

On 5 November 2017, Aziz appeared on the

finance minister.[96] Aziz, a former Citibank executive, told the ICIJ he had set the trust up for estate planning purposes and that the funds had come from his employment at Citibank. An internal Appleby document raised concerns about warrants issued for him in connection with the killing of a local leader. Aziz dismissed both the murder charge and the allegations of financial impropriety.[97]

Post-politics

Shaukat Aziz currently resides in West London, United Kingdom. He serves on a number of boards and advisory boards including

Peoples Party in the opposition".[101]

He remains active on economic issues and harshly criticised the

global financial crisis.[102] While attending the international business conference at Philippines, Aziz maintained that: "This global institution (IMF) which is supposed to look at everything going on was not even in the room where meetings are going on".[102] In 2008, Aziz gave vehement criticism to IMF and according to him, the "IMF has played a very negative role" in global crises.[citation needed
]

Speaking at the

Financial crisis occurred due to financial mismanagement, lack of understanding the macroeconomics principles and fragmented regulatory regimes in the world.[103] In an interview with CNN, Aziz remains pessimistic about Pakistan's approach to Free Trade Agreement with the United States in 2012 based on his judgment of the current relations with the United States and economic challenges faced by the country.[104]

See also

References

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External links

Political offices
Preceded by
Minister of Finance

1999–2007 		Succeeded by
Preceded by
Chaudhry Shujaat Hussain
 Prime Minister of Pakistan
2004–2007 		Succeeded by


Retrieved from "https://en.wikipedia.org/w/index.php?title=Shaukat_Aziz&oldid=1216770252"