Mr. Ghulam Ishaq Khan
In Office: 17 August 1988 – 18 July 1993
Political Party: IND
Home State: Bannu
Lifespan: 1915–2006

Early Life and Education
Ghulam Ishaq Khan, who later became a prominent bureaucrat and President of Pakistan, was born on January 20, 1915, in Ismail Khel, Bannu District (in present-day Khyber Pakhtunkhwa), British India. He came from a Pashtun family and completed his early education in his hometown. He then earned a degree in chemistry from Peshawar University. In the early 1940s, he joined the Indian Civil Service (ICS) and chose to serve Pakistan after its independence in 1947.
Civil Service Career and Rise to Prominence
Throughout his career, Ghulam Ishaq Khan held several high-ranking positions in Pakistan’s bureaucracy and financial institutions. He served as Finance Secretary, led the State Bank of Pakistan as Governor, and later took charge as Secretary General of Finance and Economic Coordination. He developed a reputation for his strong grasp of economics and administration and shaped Pakistan’s economic and fiscal policies for decades.
Zulfikar Ali Bhutto appointed him Finance Minister during the 1970s, acknowledging his expertise in managing the economy. After General Zia-ul-Haq overthrew Bhutto’s government in 1977, Khan continued to serve the new regime, demonstrating political neutrality and maintaining a strong technocratic position. In 1985, the government appointed him Chairman of the Senate, positioning him constitutionally to succeed the President.
Assumption of the Presidency
After General Zia-ul-Haq died in a plane crash in August 1988, Ghulam Ishaq Khan, as Chairman of the Senate, automatically assumed the role of Acting President. Later that year, the electoral college formally elected him President. He took charge during a politically unstable period when democracy remained fragile and political alliances frequently shifted.
Presidency (1988–1993)
Although the 1973 Constitution limited presidential authority, Ghulam Ishaq Khan exercised considerable power by invoking Article 58(2)(b), which allowed the President to dissolve the National Assembly. In 1990, he dismissed Prime Minister Benazir Bhutto, citing corruption and administrative failure. He then supported Nawaz Sharif in forming a new government.
However, his relationship with Nawaz Sharif later deteriorated. Both leaders clashed over governance and authority, and their power struggle triggered a serious political crisis. Their conflict destabilized civilian leadership and eroded public trust in democratic institutions.
Constitutional Crisis and Resignation
As the crisis deepened in 1993, the military intervened to break the political deadlock. Military leaders pressured both Ghulam Ishaq Khan and Nawaz Sharif to resign in order to restore stability. Ghulam Ishaq Khan resigned from the presidency on July 18, 1993, bringing an end to his long career in public service.
Later Life and Legacy
After stepping down, Ghulam Ishaq Khan withdrew from active politics and chose to live a quiet life. He died on October 27, 2006, in Peshawar. One of his most lasting contributions was founding the Ghulam Ishaq Khan Institute of Engineering Sciences and Technology (GIKI), which continues to rank among Pakistan’s top engineering universities.
Legacy
Many remember Ghulam Ishaq Khan as a powerful and influential technocrat who shaped Pakistan’s political and economic landscape during the 1980s and early 1990s. Although he never won a popular election, he exercised significant influence over the civil-military bureaucracy and helped guide national policy behind the scenes. His legacy reflects both the strengths and limitations of technocratic leadership in Pakistan’s evolving democratic system.