Shahkir Ullah Durrani | |
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5th Governor of the State Bank of Pakistan | |
In office July 1, 1971 – December 22, 1971 |
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Preceded by | Mahbubur Raschid |
Succeeded by | Ghulam Ishaq Khan |
Personal details | |
Born | 3 March 1928 |
Died | 20 November 2009 | (aged 81)
Children | Tehmina Durrani (daughter) |
Signature |
Shahkir Ullah Durrani (also known as "S.U.", and also transliterated as "Shahkur Ullah" and "Shahkirullah") (Urdu: شاکر اللہ درانی) (3 March 1928 – 20 November 2009) was a Pakistani banker and entrepreneur of Pashtun origin whose most notable positions were that of managing director of Pakistan International Airlines and Governor of the State Bank of Pakistan.
Durrani was born in Sheikh Kali in Charsadda, North West Frontier Province, British India. He was the son of a soldier who fought in the British Indian Army during the First World War. S.U. Durrani also served for three years as an officer in the Pakistani Army.
After leaving military service Durrani started on a banking career. After some years in England, Durrani returned home to be appointed Deputy Managing Director of Pakistan Industrial Credit and Investment Corporation (PICIC) in 1962.
In February 1966 the Pakistani government established the Investment Corporation of Pakistan (ICP), a government-owned mutual fund with the objective of enlarging the investor base and developing the capital markets in Pakistan, and Durrani was appointed its first managing director.
In September 1969 the Pakistani government nationalized Pakistan International Airlines and appointed Durrani as its new managing director.