Shaukat Aziz
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Shaukat Aziz

Prime Minister of Pakistan (2004-2007)

Shaukat Aziz, who presided over impressive economic growth in Pakistan, addresses the challenges of the global economy, reform and the role of emerging markets.

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Emerging Markets and Developing Countries: A World of Change

As international markets suffer, growth in emerging economies continues to increase, causing global markets to become increasingly dependent on the economies of developing countries. Pakistan’s economy experienced an unprecedented boom in the early 21st Century, a success attributed largely to the efforts of Minister of Finance Shaukat Aziz. When Aziz began his tenure as minister of finance in 1999, Pakistan’s lack of credibility within the global financial market discouraged foreign investment, resulting in declining exports and abating normal capital inflows. As a result of Aziz’s implementation of debt reduction programs and the securing of hundreds of millions of dollars in loans, Pakistan’s economy experienced a growth rate of 6.4% per year. By the end of his tenure in 2007, Pakistan’s economy was one of the fastest growing global economies. Based on his knowledge of the global economy Aziz shares with audiences:

  • The current status of global markets and the role of developing countries
  • The role of organizations like the World Bank in providing financial aid to developing countries
  • The future of the global economy
  • Designing a structural reform agenda for sustainable growth
  • Emerging challenges for the global financial sector

Managing Reform on a Global Scale

In 1999, Shaukat Aziz was asked to return to his home country of Pakistan to institute reforms that would aid the country's struggling economy. Dedicated to helping Pakistan, Aziz left his top management position at Citibank and assumed the Finance Minister position pro-bono. Throughout his eight years working in the Pakistani government as Finance Minister and then as Prime Minister, Aziz led the fledgling country through massive social and financial reform. Aziz worked to capture the hearts and minds of his constituents and was able to enact considerable social reforms including the promotion of women's rights and education as well as expanding Pakistan's role in global diplomacy. While initiating reform that changed the government's approach to managing global issues and leveraging its position in the global community, Aziz implemented broad-based structural reforms that led Pakistan to become one of the fastest growing powers in Asia. Aziz engages audiences with a discussion of:

  • How to lead change management efforts at the global level, in business and in state affairs
  • The persistence it takes to implement reform with a population that is resistant to change
  • Cultural and political impediments to reform

Ancient Conflict in a Modern World: How Asian and Middle Eastern Countries Must Transform

Age-old conflict in the Middle East and parts of Asia continue to derail a focus on the other issues that plague the region including poverty, hunger, disease, and illiteracy. To truly tackle the systemic challenges of the region, tensions must first be reduced and countries must join together for a common purpose. As the prime minister of Pakistan, Aziz worked closely with leaders of other countries on peace, security and economic prosperity. In this enlightening presentation the prime minister will underscore the need for:

  • An assessment of the current events of the regions and what core issues must be addressed
  • A renewed commitment to regional peace, security and economic prosperity
  • How Pakistan must serve as a key player as a major Muslim country, which can be a stabilizing influence for the entire Muslim world and the world at large.
  • Root Causes of Terrorism and Possible Solutions
  • Bridging the Gaps Between Faiths and the Need for Promoting Interfaith Harmony

Meet Shaukat Aziz

Shaukat Aziz, who presided over impressive economic growth in Pakistan, addresses the challenges of the global economy, reform and the role of emerging markets.

As the Finance Minister of Pakistan, Aziz implemented financial reforms that spurred Pakistan’s economy into a period of unprecedented growth. Aziz brought his country from near financial ruin to a point of remarkable economic growth. Much of the success was attributed to Aziz’s ability to bring a more goal-oriented corporate culture to his government. He is known for his strategic approach, transparency and ability to focus on doing what is best, not politically expedient. His dedication and hard work assisted him in his responsibilities with finance, economic affairs, statistics, planning and development and revenue divisions. Known for securing significant loans from the United States in return for support of the war against terror, Aziz restored Pakistan’s credibility within the global market. After working with various international branches of Citibank for 30 years, Aziz was appointed Executive Vice President of the bank in 1992. His career with Citibank and his experience as Minister of Finance qualify him to speak about issues of international banking and the fluctuating global economy.

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