Shahid Ashraf Tarar appointed World Bank executive director

Published
3

ISLAMABAD: The government on Friday appointed Shahid Ashraf Tarar - a grade-22 officer of Pakistan Administrative Service (formerly DMG) - as executive director of the Washington-based World Bank for three years.

He was working as the chairman of National Highway Authority (NHA) while the authority was implementing a major part of $56 billion China Pakistan Economic Corridor.

He will replace Nasir Mahmood Khan Khosa, also a DMG officer, whose tenure expires on November 1.

The World Bank assignment is considered a prized one who acts as executive director or alternate executive director on annual rotational basis on behalf of Afghanistan, Algeria, Ghana, Iran, Morrocco and Tunisia and envisaged an annual salary starting $250,000 excluding other perks.

With this, another key economic position now goes to the influential DMG group. The government had appointed Tariq Bajwa, a retired DMG officer, as Governor State Bank of Pakistan a few months ago.

Meanwhile, the government has appointed another DMG officer, of Grade-20, Sher Alam Khan, as managing director of the Water and Power Development Authority (Wapda), besides moving a Grade-18 officer of the same cadre to the Benazir Income Support Programme from Khyber Pakhtunkhwa.

Published in Dawn, October 14th, 2017

Follow Dawn Business on X, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Emergency matters

Emergency matters

If this new technocratic setup proves to be successful and efficient, it might just end up increasing centralisation of decision-making.

Editorial

Burnt bridges
Updated 20 Oct, 2026

Burnt bridges

If PPP wants the decision reversed, it should convince its ally in Islamabad, not ask the opposition to be ‘positive’.
Toll on trade
Updated 20 Oct, 2026

Toll on trade

Islamabad must find the right balance between its security priorities and the economic strain on KP’s residents.
French protests
20 Oct, 2026

French protests

SEVERAL European states have witnessed mass protests over the past few days, mostly focusing on socioeconomic...
Eating grass for AI
Updated 19 Oct, 2026

Eating grass for AI

As dependence on AI grows, the bill could reach hundreds of millions of dollars by the end of the decade.
Climate exodus
Updated 19 Oct, 2026

Climate exodus

Climate displacement could then become another source of instability unless governments prepare for it together.
Settler terrorism
19 Oct, 2026

Settler terrorism

ISRAEL’S genocidal violence in occupied Gaza has understandably captured the world’s attention. Yet another...