Quick Facts
Biography
Muhammad Shoaib (Urdu: محمد شعیب) (1907 – 13 May 1976) was the Finance Minister of Pakistan for eight years (1958 – 1965) (more precisely November 15, 1958 – June 8, 1962 and December 15, 1962 – March 23, 1965) during General Ayub Khan's regime.
Early life and career
He was born in 1907 at Amilo, Azamgarh, Uttar Pradesh, British India. He was married to Iffat Ara. He hasa daughter named Nafis Sadik, who has a long distinguished career track record with the United Nations in the area of 'Family Planning and World Population control'.
Muhammad Shoaib is widely criticized for disapproving the Pakistan Atomic Energy Commission's agreement with General Electric of Canada to build a 137 MW Nuclear power plant in Pakistan. Munir Ahmad Khan (then IAEA scientist) urged him for support but his diplomatic decisions created serious delay in Nuclear technology development of the country.
He resigned his position on 23 March 1965 as Finance Minister to join the World Bank as an advisor. He was associated with the World Bank for 20 years and had retired in 1975.
Death
Muhammad Shoaib died at his home near Washington, D. C. on 13 May 1976 at age 70.
| Political offices | ||
|---|---|---|
| Preceded by Syed Amjad Ali | Finance Minister of Pakistan 1958 – 1962 | Succeeded by Abdul Qadir |
| Preceded by Abdul Qadir | Finance Minister of Pakistan 1962 – 1965 | Succeeded by N M Uqaili |