During the next six years, he implemented a major program of restructuring of the Central Bank and steered the reforms of the banking sector. He was appointed the Governor of Pakistan’s Central Bank in December 1999. The Commission produced a two volume report on governance reforms in Pakistan.

He served as the Chairman, National Commission for Government Reforms for two years from 2006 to 2008 with the status of Federal Minister reporting directly to the President and Prime Minister of Pakistan. During his term of office he was actively engaged in the transformation of the Institute to become one of the leading Global Business schools. He had earlier served as Dean and Director IBA - the oldest graduate business school in Pakistan (established in 1955) between 20. He is HEC National Distinguished Professor, Professor Emeritus and Chairman Centre for Excellence in Islamic Finance at the Institute of Business Administration, (IBA) Karachi. During this tenure he produced his latest book “Governing the ungovernable’” which was published by Oxford University Press. During 2016-17 he was Public Policy Fellow at the Woodrow Wilson Center in Washington DC.

In this capacity he also served as the member of National Economic Council, ECNEC, Economic coordination Committee of the Cabinet and several other Cabinet Committees. Ishrat Husain was until recently Advisor to the Prime Minister on Institutional Reforms and Austerity with the status of Federal Minister and led the Government efforts to reform the Civil Services and restructure the Federal Government. Institute of Business Administration (IBA)ĭr.

Pakistan by Ishrat Husain