Shaukat Aziz was born on 6 th March 1949 in Karachi, Sindh, Pakistan. He is an economist and financier who served as the Prime Minister of Pakistan from 20 August 2004 to 15 November 2007, as well as the Finance Minister of Pakistan from 6 November 1999 to 15 November 2007. He also served as Executive Vice President of Citibank between 1992 and 1999.
Aziz’s macroeconomics policies oversaw political stability and economic progress in Pakistan, subsequently ending the “era of stagflation” in 2001. Intensified privatisation and economic liberalisation programmes were personally initiated by Aziz, strengthening the country’s economic base and leading to a growth rate of 6.4% per year. Inflation rates dropped to 3.5% in the last 3 years of his tenure, compared to 11% in the 1990’s.