Shaukat Tarinشوکت ترین | |
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Finance Minister of Pakistan | |
In office 8 October 2008 – 22 February 2010 |
|
President | Asif Ali Zardari |
Prime Minister | Yousaf Raza Gillani |
Preceded by | Naveed Qamar |
Succeeded by | Abdul Hafeez Shaikh |
President Union Bank (Pakistan) | |
In office 2000 – 2006 Karachi Stock Exchange |
|
chairman | |
In office 2002–2008 Serving with Sadeq Sayeed |
|
Prime Minister | Shaukat Aziz |
Personal details | |
Born |
Shaukat Tarin 1953 (age 63–64) Multan, West Pakistan |
Nationality | Pakistani |
Residence | Islamabad, |
Alma mater | University of the Punjab (MBA), Forman Christian College University |
Profession | Banker |
Shaukat Tarin (also spelt 'Tareen' at times) (Urdu: شوکت ترین ; born 1953) is a senior banker from Pakistan and former Finance Minister of Pakistan (from 2009 to 2010) in the Yousaf Raza Gillani-led government.
On 7 October 2008, he was appointed adviser to the government and was elevated to the post of finance minister after being elected as a senator from Sindh on 27 July 2009. Tarin resigned from the ministry on 23 February 2010 to "raise equity from the market for Silkbank," which while working at finance ministry was "a clear conflict of interest."
Before his ministerial role, Tarin served as the country manager of Citibank and did tenures as head of Habib Bank, Union Bank, and twice as chairman of . He currently sits on the board of Silkbank.
He is widely regarded as selfish person as he inflicted mass lay-off in HBL during his tenure as Habib Bank president in 1997.
Shaukat Tarin is an ethnic Pashtun born to an army doctor in Multan. He got his initial education from Army Cantonment schools all over Pakistan and later got his MBA from University of the Punjab. He joined Citibank in 1975 and remained with it for 22 years rising to become its country manager in Thailand.
In 1997, then-PM Nawaz Sharif asked Tarin to turn around state-owned Habib Bank, for which he left the $1 million plus job in the United States. He, along with Zubyr Soomro at United Bank and Muhammad Mian Soomro at National Bank of Pakistan, were "successful in bringing the nationalised commercial banks (NCBs) back from virtual extinction."