KARACHI, Oct 22: Governor State Bank of Pakistan Dr Shamshad Akhtar has been conferred upon the award of the ‘Best Central Bank Governor for Asia 2007’ to acknowledge her outstanding contribution in the overall financial sector and monetary policy management in Pakistan.

John Orchard, Managing Director of Emerging Markets Newspaper, a part of Euromoney Institutional Investor plc, one of the largest providers of financial information worldwide, presented the award to Dr Shamshad at a ceremony held in Washington, said a press release issued by the SBP on Monday.

This award is based on nominations from regional investors, bankers, economists, analysts and other experts. The award also unequivocally signifies the exceptional contribution Dr Akhtar has made in the overall development of the country’s financial sector and management of monetary policy.

“It is a big distinction for Pakistan and recognition of Pakistan’s standing in the emerging markets,” Dr Akhtar remarked.