Shahid Javed Burki
Encyclopedia
Shahid Javed Burki is a professional economist who has served as a Vice President of the World Bank
and as a caretaker Finance Minister of Pakistan
. He has written extensively on economic development and on the political history of Pakistan.
in (then-British) India on September 14, 1938, Burki migrated as a child along with his family to Pakistan
at the time of the Partition of India
in September 1947. They settled in Rawalpindi
, where his father worked as an official in the Pakistan army
headquarters. Burki was educated at Rawalpindi's Presentation Convent and St Mary's Academy
. Upon graduation he moved to Lahore
to study double majors in Physics
and Mathematics
at Government College University
. He received his M.Sc. in Physics from the Punjab University
in 1959. The following year he was chosen as a Rhodes Scholar from Pakistan and went to Christ Church, Oxford
to study economics
. He received his M.A. from Oxford
in 1963 and then went to Harvard University
as a Mason Fellow for graduate studies in Economics and Public Administration.
for Latin America and the Caribbean (1994–1999). He persuaded the World Bank's senior management, in the immediate aftermath of the Chinese authorities' repression of the Tiananmen Square protests of 1989
, that the Bank should stay actively engaged with China—a stance challenged at the time by many of the Bank's most powerful shareholder countries. He took a leave of absence from the World Bank to serve as Pakistan's Finance Minister in 1996-1997. He retired from the Bank in 1999.
Burki is Chairman of the Advisory Board of the recently-established Institute of Public Policy in Lahore, Pakistan.
World Bank
The World Bank is an international financial institution that provides loans to developing countries for capital programmes.The World Bank's official goal is the reduction of poverty...
and as a caretaker Finance Minister of Pakistan
Finance Minister of Pakistan
The Finance Minister of Pakistan heads the Ministry of Finance and serves in the Prime Minister's cabinet. The Minister is required to be a member of the Parliament.The current finance minister is Abdul Hafeez Shaikh...
. He has written extensively on economic development and on the political history of Pakistan.
Early Life and Education
Born in SimlaShimla
Shimla , formerly known as Simla, is the capital city of Himachal Pradesh. In 1864, Shimla was declared the summer capital of the British Raj in India. A popular tourist destination, Shimla is often referred to as the "Queen of Hills," a term coined by the British...
in (then-British) India on September 14, 1938, Burki migrated as a child along with his family to Pakistan
Pakistan
Pakistan , officially the Islamic Republic of Pakistan is a sovereign state in South Asia. It has a coastline along the Arabian Sea and the Gulf of Oman in the south and is bordered by Afghanistan and Iran in the west, India in the east and China in the far northeast. In the north, Tajikistan...
at the time of the Partition of India
Partition of India
The Partition of India was the partition of British India on the basis of religious demographics that led to the creation of the sovereign states of the Dominion of Pakistan and the Union of India on 14 and 15...
in September 1947. They settled in Rawalpindi
Rawalpindi
Rawalpindi , locally known as Pindi, is a city in the Pothohar region of Pakistan near Pakistan's capital city of Islamabad, in the province of Punjab. Rawalpindi is the fourth largest city in Pakistan after Karachi, Lahore and Faisalabad...
, where his father worked as an official in the Pakistan army
Pakistan Army
The Pakistan Army is the branch of the Pakistani Armed Forces responsible for land-based military operations. The Pakistan Army came into existence after the Partition of India and the resulting independence of Pakistan in 1947. It is currently headed by General Ashfaq Parvez Kayani. The Pakistan...
headquarters. Burki was educated at Rawalpindi's Presentation Convent and St Mary's Academy
Saint Mary's Academy, Rawalpindi
St. Mary's Academy is a private English-medium school located in the heart of Rawalpindi, Pakistan.In its Senior Cambridge curriculum, St...
. Upon graduation he moved to Lahore
Lahore
Lahore is the capital of the Pakistani province of Punjab and the second largest city in the country. With a rich and fabulous history dating back to over a thousand years ago, Lahore is no doubt Pakistan's cultural capital. One of the most densely populated cities in the world, Lahore remains a...
to study double majors in Physics
Physics
Physics is a natural science that involves the study of matter and its motion through spacetime, along with related concepts such as energy and force. More broadly, it is the general analysis of nature, conducted in order to understand how the universe behaves.Physics is one of the oldest academic...
and Mathematics
Mathematics
Mathematics is the study of quantity, space, structure, and change. Mathematicians seek out patterns and formulate new conjectures. Mathematicians resolve the truth or falsity of conjectures by mathematical proofs, which are arguments sufficient to convince other mathematicians of their validity...
at Government College University
Government College University
Government College University, Lahore is a co-educational public university located on The Mall in Lahore, Pakistan...
. He received his M.Sc. in Physics from the Punjab University
University of the Punjab
University of the Punjab , colloquially known as Punjab University, is located in Lahore, Punjab, Pakistan. The University of the Punjab is the oldest and biggest University of Pakistan. The University of the Punjab was formally established with the convening of the first meeting of its...
in 1959. The following year he was chosen as a Rhodes Scholar from Pakistan and went to Christ Church, Oxford
Christ Church, Oxford
Christ Church or house of Christ, and thus sometimes known as The House), is one of the largest constituent colleges of the University of Oxford in England...
to study economics
Economics
Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek from + , hence "rules of the house"...
. He received his M.A. from Oxford
Oxford
The city of Oxford is the county town of Oxfordshire, England. The city, made prominent by its medieval university, has a population of just under 165,000, with 153,900 living within the district boundary. It lies about 50 miles north-west of London. The rivers Cherwell and Thames run through...
in 1963 and then went to Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
as a Mason Fellow for graduate studies in Economics and Public Administration.
Career at World Bank
Burki joined the World Bank in 1974 as a Senior Economist and went on to serve in several senior positions including: the (first) Director of the China Department (1987–1994), and the Regional Vice PresidentVice president
A vice president is an officer in government or business who is below a president in rank. The name comes from the Latin vice meaning 'in place of'. In some countries, the vice president is called the deputy president...
for Latin America and the Caribbean (1994–1999). He persuaded the World Bank's senior management, in the immediate aftermath of the Chinese authorities' repression of the Tiananmen Square protests of 1989
Tiananmen Square protests of 1989
The Tiananmen Square protests of 1989, also known as the June Fourth Incident in Chinese , were a series of demonstrations in and near Tiananmen Square in Beijing in the People's Republic of China beginning on 15 April 1989...
, that the Bank should stay actively engaged with China—a stance challenged at the time by many of the Bank's most powerful shareholder countries. He took a leave of absence from the World Bank to serve as Pakistan's Finance Minister in 1996-1997. He retired from the Bank in 1999.
Other activities
Burki writes an opinion piece for a Pakistani newspaper (the Dawn) once a week. He is also a frequent contributor of opinion pieces to the Daily Times.Burki is Chairman of the Advisory Board of the recently-established Institute of Public Policy in Lahore, Pakistan.