Khurram Shahzad has been appointed as advisor to the finance minister for financial reforms.
In a move to strengthen economic reforms, veteran investment banker Khurram Shahzad has been appointed as adviser to Finance Minister Muhammad Aurangzeb on economic and financial reforms. The announcement, made through a notification by the Finance Division on Thursday, underscores the government’s commitment to drive sustainable economic growth.
According to the notification, Shahzad will serve on contract basis for two years under standard terms and conditions, effective immediately.
With extensive experience in key financial areas including investment banking, equity strategy, corporate finance advisory, and asset management, Shahzad has held prominent roles across the industry. He previously served as Chief Commercial Officer and Executive Vice President Investment Banking at JS Group and as EVP – Director, Investment Strategy, Research and Sales at Arif Habib Group.
Earlier in his career, he worked at Lexon Investments, where he managed $150 million in assets and achieved the top quartile of fund performance. Under his leadership, Lexons Equity Fund achieved the top position for the first time since its inception.
His contributions to Shahzad’s financial research and analysis have earned him significant recognition. He has been recognized as one of the top analysts in Pakistan by the CFA Society for many years and has also received accolades from him. ASIA MONEYwhich helped his employer to win the Best Debt House award in 2010.
Apart from his professional roles, Shahzad has actively participated in national economic policy initiatives. He was the youngest board member of the Privatization Commission, contributed to successful privatization deals, and served on the Executive Committee of the Board of Investment, formulating investment policies.
Shahzad’s credentials include his work as an independent evaluator for the HEC/World Bank Technology Fund and as a panel expert for the Special Technology Zones Authority (STZA). He is a certified director from the Pakistan Institute of Corporate Governance and a member of the Global Advisory Council. Harvard Business Review and the South Asian Corporate Advisory Council.
His appointment underscores the government’s focus on leveraging experienced professionals to implement strategic reforms in the financial and economic sectors.
