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Dr. Ashfaque Hasan Khan

National University of Sciences and Technology (NUST)
School of Social Science and Humanities (S3H) H-12 Sector, Islamabad
Tel : +92-51-90853500

Macroeconomics, Money, Econometrics

Ph.D (Economics), The Johns Hopkins University, USA (HEC Approved  Supervisor)

Dr. Ashfaque Hasan Khan is currently the Principal and Dean, School of Social Sciences & Humanities, National University of Sciences & Technology (NUST), Islamabad as well as a member of the Economic Advisory Council of the Government of Pakistan. He has recently been elected as member of the Board of Trustee of the International Islamic University, Islamabad. He has been the Special Secretary Finance/Director General, Debt Office and Economic Adviser Ministry of Finance, Islamabad for eleven years (1998-2009). He has also been the Spokesperson of the Government of Pakistan on Economic Issues for eleven years (1998-2009). He has been the Director and Vice Chairman of the Saudi-Pak Industrial and Agricultural Investment Company Ltd. (A joint venture of Saudi Arabia and Pakistan); and Directors of the United Bank Limited (Representing government’s shares in the Bank) and Pak-Libya Holding Company (A Joint venture of Pakistan and Libya).

Dr. Khan holds a Ph.D degree in economics from the Johns Hopkins University in USA. He joined the Pakistan Institute of Development Economics (PIDE) in 1979 as Research Economist, where he held increasingly senior positions. He was Joint Director of the Institute before being appointed Economic Adviser of the Ministry of Finance in March 1998.  In January 2003 he was appointed Director General of the Debt Office of the Ministry of Finance. He was appointed Special Secretary Finance/ Director General, Debt Office in July 2007- a position which he held until February 2009. Dr. Khan has been the spokesperson of the Government of Pakistan on economic issues for 11 years (March 1998 – February 2009).

As a member of the high level Debt Committee, Dr. Khan was involved in the preparation of the Debt Reduction Strategy which was later adopted by the Government. He also played an important role in setting up the Debt Office in the Ministry of Finance. Within eight years of pursuance of the same strategy the country’s public debt was reduced to one-half and Pakistan was able to prepay expensive external debt. Dr. Khan is the principal architect of the Fiscal Responsibility and Debt Limitation Act, passed by the Parliament in June 2005. This Act was designed to inject financial discipline in the country.

Dr. Khan has been actively involved in the floatation of Pakistan’s sovereign bonds including the Islamic bond (Sukuk) in the international debt capital market. He has also been involved in the issuance of Global Depository Receipts (GDRs) and Exchangeable Bonds in international equity markets.

Dr. Khan’s past experience includes: visiting Lecturer at the Towson State University in USA and Visiting Fellow at the Kiel Institute of World Economics in Germany. He has also been the Consultant to many International Organizations/ Financial Institutions such as the United Nations Economic and Social Commission for Asia and Pacific (UN-ESCAP), the Asian and Pacific Development Centre, the Asian Development Bank and the World Bank.  As Consultant to the Secretary General SAARC, he has the honour of preparing the Regional Study on Trade, Manufacturers and Services which served as the foundation for regional cooperation in South Asia including the establishment of the SAARC Chamber of Commerce and Industry.

Dr. Khan has the distinction of being the most widely published economist of the country.  He has published 9 books and more than 170 articles in national and international journals of economic science. His papers have appeared in the most prestigious journals of economic science published from Harvard University and University of Chicago.  Dr. Khan has also the distinction of being a student of a Nobel Laureate in economics, Professor Lawrence R. Klein.

Dr. Khan is currently a member of the United Nations Expert Group to review the performance of the Asia-Pacific economies at the Economic and Social Commission for Asia and Pacific (ESCAP), Bangkok. He was one of the experts of the UN-ESCAP, assigned the task to prepare the views of the Asia-Pacific region on the world economy for presentation at the G-20 Summit, held in Seoul, Korea in November 2010.  

He has been the editor, co-editor and the member of the Editorial Committee of the various prestigious journals of economic science. He has been the recipient of various awards from the National Book Foundation for publishing articles in International Journals of economic science.  He is also the external examiner of Ph.D dissertation submitted to various Pakistani and foreign universities. He represents Higher Education Commission in the selection board of the Pakistan Institute of Development Economics (PIDE) and the National Defence University (NDU). He is also the member of the Board of Governor of the Foundation University. Dr. Khan is a frequent speaker at the National Defense University, Pakistan Administrative Staff College, National Institute of Public Administration (NIPAs), the Army School of Logistics, Kuldana, Army School of Infantry, Nowshera the Command and Staff College, Quetta and Ordinance College, Malir Cantt, Karachi.  

In recognition of his outstanding contribution to the field of economics and public policy the President of the Islamic Republic of Pakistan has conferred the award of Sitara-i-Imtiaz to Dr. Khan in 2005. The Economic Cooperation Organization (ECO) also conferred him the ECO Excellence Award 2010 for his outstanding contribution in the field of Economics.