He is a frequent speaker on a wide range of global, geopolitical and economic issues.

They also include two provincial finance ministers – Murad Ali Shah of Sindh and Hashim Jawan Bakht of Punjab – one of whom (Shah) went on to become provincial chief minister. Reduction of poverty and inflation rates dropped to 3.5% in the last 3 years, compared to 11–12% in the 1990s.For the first time in Pakistan’s history, all goals and revenue collection targets were met in his tenure, and allocation for development has increased by about 40%. On 30 October 2011, Aziz directed a letter sent from Dubai to the Provincial Police Office to Balochistan High Court stating “he had been mentioned in the FIR registered at the Dera Bugti Police Station on 13 October 2009, which alleged that then president Pervez Musharraf used him as part of Akbar Bugti case in which the latter committed suicide during a military operation.”.


Moreover, despite a series of internal and external distresses, economic situation of Pakistan improved significantly and reserves increased to US$10.5 billion on 30 June 2004, compared to US$1.2 billion in October 1999. Aziz’s macroeconomics policies oversaw political stability and economical progress in Pakistan, subsequently ending the “era of stagflation” in 2001.

Shaukat Aziz is roundly criticized for his policy of downsizing in the public sector and disintegrating the effects of nationalization policies of Benazir Bhutto as early as the 1990s but Aziz defended as he points out that his policies made these institutions viable while they were on the verge of collapse. Shaukat Aziz is a Pakistani economist and financier  who served as Prime Minister of Pakistan from 20 August 2004 to 15 November 2007, as well as the Finance Minister of Pakistan from 6 November 1999 to 15 November 2007. Aziz presided initial construction of major hydroelectric power plants project in Pakistan, such as approving the Diamer-Bhasha Dam. In 2004, Aziz directed the Ministry of Water and Power and Planning Commission to prepare an integrated energy plan for the country. He received his early education from St. Patrick School at Karachi and Public School at Abbottabad, graduated from Gordon College, Rawalpindi in 1967 and achieved MBA in 1969 from the Institute of Business Administration, Karachi in 1969. Political economist dr. S. Akbar Zaidi argues that his policies mastered Pakistan’s economy but such indicators are misleading and unsustainable because his policies do not examine or explain the particular, perplexing economy of Pakistan. During this trip, Aziz and Fradkov pledged to boost economic ties and signed two co-operation agreements yesterday during the first visit to Pakistan by a Russian prime minister.After taking control of the economy, Aziz aggressively promoted the privatisation, deregulation and economic liberalisation programme and open the large heavy mechanical industries, petroleum companies, electropetroleum and chemical enterprises and state-owned corporations to private sectors. Intensified privatisation and economic liberalisation programmes were personally initiated by Aziz, privatising state-owned corporations and strengthening the country’s economic base, which led the improvement of the country’s growth rate by 6.4% per year. Under his regime, the maximum bound tariffs were brought down to high as 300% to 25% whilst the applied tariff averages falls in the range of 5% to 10%. During his tenure, bilateral relations with the United Kingdom were enhanced and reached to a new level after meeting with British Prime Minister Tony Blair in 2005 and tightened the economic and defence relations with British counterpart Gordon Brown in 2007. He served in various countries' governments as CitiBank financier, and became executive vice-president of Citibank in 1999. He was elected Prime Minister on 27 August 2004, and sworn in on the following day.As Prime Minister, Aziz took a key role in Pakistan’s dealings with Afghanistan, as well as expanding its ties with the United States, China, Russia and the Middle East.He retained his portfolio as Finance Minister throughout, and continued to steer the country’s structural reform programme and economic revival. In 2006, Aziz invited state-run and private-media of Russia where he repeatedly stressed for the need to enhance cooperation between Pakistan and Russia in the fields of education, science and technology, energy, defence and trade and investment. Aziz remains supportive towards Khan and efficiently took matters of Abdul Qadeer Khan in 2006 from President Musharraf. This eventually helped free the country from its draconian IMF programme and gave it economic sovereignty. Aziz cautiously supported South Korea’s stance while refrained to criticised North Korea. Aziz urged Ahmadinejad to immediately place a moratorium on uranium enrichment while on the other hand Erdogan described the EU-3 proposal, with Russian enhancements, as a very attractive offer for Iran. Aziz left office on 16 November 2007, having completed his parliamentary term – becoming the first Prime Minister of Pakistan to do so. After assuming the office of prime minister, Aziz left for China, as his foreign state visit as prime minister in 2004.

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