• Thursday, December 14, 2017

Pakistani Achievers - At Home & Abroad

Discussion in 'Social & Current Events' started by Chak Bamu, Sep 13, 2014.

  1. Chak Bamu

    Chak Bamu RETIRED MOD

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    Starting this thread to celebrate Pakistani Achievers. Starting off with Dr. Atif Mian, Professor of Economics at Princeton:

    Reshaping thinking: IMF names Pakistani among most influential economists
    By Kazim Alam
    Published: September 13, 2014

    [​IMG]
    Atif Mian. PHOTO: FILE

    KARACHI:
    The International Monetary Fund (IMF) has named a Pakistani-American as one of 25 young economists who are expected to be most influential in the decades to come.


    In its September edition of Finance and Development, a quarterly publication of the IMF, the Washington-based lender has named 39-year-old Atif Mian, professor of economics at Princeton University, among 25 economists under 45 “who are shaping the way we think about the global economy”.

    Mian recently co-authored a book titled House of Debt, which has received critical acclaim from academia, policymakers and the general public. Nobel laureate Paul Krugman, arguably the most influential economist alive, has called Mian a leading expert on the subject of debt.

    Commenting on the state of Pakistan’s economy, Mian said the foremost challenge it faces is boosting domestic productive capacity. “The low export numbers tell us that Pakistanis have trouble producing good quality products that they can then sell to the outside world (and themselves),” he told The Express Tribune.

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    In House of Debt, Mian has investigated the role of private debt – rather than the debt of the government and financial institutions – in precipitating the economic crisis of 2008. Mian and his co-author University of Chicago professor Amir Sufi argue in the book that severe economic downturns have typically been preceded by a sudden and excessive increase in household debt.

    Data from the US and European economies suggest that people in the lower half of the income distribution tend to have a disproportionately higher marginal propensity to spend. Mian concludes that a shock to the wealth of subprime borrowers, like crashing home prices, results in massive cuts in their household spending. This sends the economy into a tailspin and causes foreclosures, unemployment and reduced output – a perfect recipe for an economic disaster.

    Mian is one of the few public intellectuals who identify the current siege of the Pakistani state by religious extremists as a joint legacy of Bhutto and Zia. “Today’s unstable macro environment is a direct result of the Bhutto-Zia legacy, and it needs to be reversed if Pakistan is serious about growth. Doing so is not easy. But there is no other choice,” he said.

    Published in The Express Tribune, September 13th, 2014.
    Reshaping thinking: IMF names Pakistani among most influential economists – The Express Tribune
     
    Last edited: Sep 13, 2014
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  2. Akheilos

    Akheilos ELITE MEMBER

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    Well 1 other issue may also be electricity and other resources as well as lack of quality control

    Yet people raise fingers on Zia over Bhutto! :o:
     
  3. Chak Bamu

    Chak Bamu RETIRED MOD

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    I posted this article to start a series to celebrate people. I think focusing on their individual views would take us away from that objective. Its not the best thing to do, I admit, but otherwise this thread will become a miscellaneous chit-chat and trolling thread. I will edit the Original Post to delete some of his personal views.
     
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  4. syedali73

    syedali73 ELITE MEMBER

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    We have had some very fine economists/bankers working in international institutions. Shuokat Aziz, Moeenuddin Ahmad Qureshi, Tareen, and many others were all internationally recognized but yielded nothing for Pakistan. Mr. Mahbub ul Haq was an exception though.
     
    Last edited: Sep 13, 2014
  5. syedali73

    syedali73 ELITE MEMBER

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    These figures (if correct) have little to do with Aziz and more with 9/11.
     
  6. Al Bhatti

    Al Bhatti SENIOR MEMBER

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    His Excellency Mr. Shaukat Aziz, Prime Minister of Pakistan, was born in Karachi on 6th March 1949. He attended early education at Saint Patrick's School, Karachi and Abbottabad Public School, Abbottabad, Pakistan. In 1967, Mr. Aziz obtained a B.Sc. degree from Gordon College, Rawalpindi and later a MBA degree from the Institute of Business Administration, University of Karachi in 1969.

    Mr. Aziz started his career in 1969 when he joined Citibank, Karachi. He moved overseas in 1975 and has since served in several countries including the Philippines, Jordan, Greece, U.S.A., UK, Malaysia, Singapore and Saudi Arabia. His assignments included Head of Corporate and Investment Banking for the Asia Pacific Region; Head of Corporate and Investment Banking for Central & Eastern Europe, Middle East and Africa Corporate Planning Officer, Citicorp; Managing Director, Saudi American Bank, and Global Head, Private Banking for Citigroup. He was appointed Executive Vice President of Citibank in 1992 and has had 30 years of experience in global finance and international banking.

    Mr. Aziz is a frequent speaker on international finance and has attended numerous forums, seminars and conferences on international finance as well as management courses at several universities. He has been a member of the Board of several Citibank owned entities including Saudi American Bank, Citi-Islamic Bank as well as several non-profit organizations.

    In November 1999, Mr. Aziz was appointed as Pakistan's Minister of Finance with responsibility for finance, economic affairs, statistics, planning, development and revenue division. As Minister of Finance, Mr. Aziz is also Chairman of the Economic Coordination Committee of the Cabinet, Chairman of the Executive Committee of National Economic Council and Chairman of the Cabinet Committee on Privatization. Euromoney and The Banker have declared him Finance Minister of the year 2001. The democratically elected Government of Prime Minister Jamali had also retained him as Finance Minister, which indicated continuation of confidence in his Finance and Economic Reforms Agenda. Mr. Aziz was elected Senator of Pakistan's upper House of Senate in 2002.

    Mr. Aziz was elected as Member National Assembly by elections from two constituencies, of Punjab and Sindh provinces of Pakistan. He has retained one seat. Mr. Aziz was sworn in as the 23rd Prime Minister of Pakistan on August 28, 2004. That was seen as a vote of confidence by the elected House of National Assembly of Pakistan and an acknowledgement by the nation of his dynamic leadership and financial management provided to the economic and financial institutions of Pakistan. From a long list of visible achievements in the field of economic generation only, two indicators can be cited: industrial growth which has shot up from 3.8% in 2001 to over 14% in 2004, along with the growth in 2000 from 3.9% to 6.4% in 2004. In 2005, the growth is estimated at 8.5%, second only to China in the region.

    Biography of Shaukat Aziz

    -------------

    Mr. Shaukat Aziz served as Chief Executive of the Citibank's global wealth management business. H.E. Aziz has a long and successful career at Citibank, which he joined in 1969, and held a number of senior positions including Corporate Planning Officer for Citicorp, Head of Corporate and Investment Banking for Asia, Chief Country Officer in Malaysia and in Jordan. He serves as a Member of International Advisory Board of The Blackstone Group LP. He has been a Non-Executive Director of Millennium & Copthorne Hotels plc since June 16, 2009. He served as a board member of various Citibank subsidiaries, including CitiCorp. Islamic Bank and the Saudi American Bank. He is a member of several boards of directors and advisory boards for financial institutions, commercial enterprises and non-profit institutions around the world. His impressive career in global finance included roles in Pakistan, Greece, United States, United Kingdom, Malaysia, Philippines, Jordan, Saudi Arabia and Singapore. He served as the Prime Minister of Pakistan from 2004 to 2007. He served as Finance Minister of Pakistan from 1999 to 2004, where he was responsible for finance, economic affairs, statistics division, planning and development and revenue divisions. He serves as a Member of Advisory Board at DNA Health Corp. He served as a Director of Mozido, LLC since January 28, 2013. He is a frequent speaker on economic, geopolitical, development and social issues. He was recognized for his achievements and named “Finance Minister of the Year“ in 2001 by Euromoney and The Banker magazines. He graduated at Gordon College Rawalpindi in 1967 and holds MBA at Institute of Business Administration Karachi in 1969.

    Shaukat Aziz: Executive Profile & Biography - Businessweek
     
  7. Contrarian

    Contrarian ELITE MEMBER

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    Factually incorrect. At no point in the entire decade did Pakistan ever post economic growth rate more than India.
    Pakistan Govt's statistics are widely considered unreliable and have proven to be manipulated for domestic audiences.

    Use any other resource - IMF, WB and you will find it was less than India's growth rate during that period.
     
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  8. FaujHistorian

    FaujHistorian ELITE MEMBER

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    Here we go again

    Must we get into this India vs. Pak $hit shoveling. If Pakistani side says it on a Pakistani forum, let it be. Trust me some Pakistani will challenge stuff.

    Thank you
     
  9. chauvunist

    chauvunist SENIOR MEMBER

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    Yeah great India is developing by leaps and bounds and we are absolutely not interested in India at the moment...Please spare us from Indian BS in this thread as it is not about it..
     
  10. acetophenol

    acetophenol SENIOR MEMBER

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  11. Contrarian

    Contrarian ELITE MEMBER

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    Just wanted to point out facts Fauji, so that members can make an informed debate. Opinions can differ, facts can not.

    I admire Edhi quite a lot. I read the amount and kind of work he has done in Karachi. Wonderful human being.
     
  12. FaujHistorian

    FaujHistorian ELITE MEMBER

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    Indo Pak stuff you brought was less to do with facts and more of the same old $hit-shoveling family business.
     
  13. KingMamba

    KingMamba ELITE MEMBER

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    InshAllah if God gives me enough time my name will make one of these lists.
     
  14. Chak Bamu

    Chak Bamu RETIRED MOD

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  15. DESERT FIGHTER

    DESERT FIGHTER ELITE MEMBER

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    54c6a80160d42.jpg

    BIRMINGHAM: Aston Villa have persuaded highly-rated British-Pakistani teenager Easah Suliman to sign his first professional contract with the club despite interest from elsewhere.

    The 16-year-old, who can play across the defence and in midfield, was apparently on the radar of Valencia and Bundesliga champions Bayern Munich.

    Birmingham-born Suliman has been with Villa since the age of eight and has now put pen to paper on a two-year deal with the Premier League side on Friday.

    Academy director Sean Kimberley told the club’s official website: “We’re delighted that Easah has signed his first professional contract with the club. Easah has been at the club through his foundation years at junior school and he’s a Birmingham lad who’s come through the local recruitment process.

    “We’ve been able to develop young, local players over the years and it’s great that we can continue to do that with Easah. He’s going away with England U-17s next month and he’s continuing to make good progress both with them and here at Villa. He’s at the start of his career now and everything is in front of him.

    “The key for him now is to continue to work hard, to maintain the same excellent attitude he has displayed so far and to continue to learn from his coaches. Having fought off competition from home and abroad for his signature, everyone here at Villa will help him get the most out of his abilities and we’re excited to work with him in the coming years.”

    Suliman, who has captained England at youth level, represented Villa in both the Barclays U-18 Premier League and the FA Youth Cup, where Bayern scouts were believed to be watching him, last season.

    Published in Dawn January 27th, 2015
     
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