Mohammad Saifur Rahman (Bengali: সাইফুর রহমান; 6 October 1932 – 5 September 2009) was a Bangladeshi chartered accountant, economist and politician. He was a leader of the Bangladesh Nationalist Party and the longest-serving Finance Minister of Bangladesh. He delivered 12 national budgets in three terms between 1980 and 1981, 1991–1996 and 2001–2006 over a ministerial life spanning from December 1976 until October 2006 in three different governments. He was Trade & Commerce Minister for the first three years, and thereafter Finance and Planning Minister for 12 years.[1]
In 2005, he was awarded Ekushey Padak, the second-highest state award, for his role in the Bengali Language Movement. A prominent chartered accountant, Rahman was one of the founders of Rahman Rahamn Huq (currently KPMG Bangladesh), a noted chartered accountancy firm.[1]
Rahman graduated from Moulvibazar Government High School in 1949 and did his Intermediate from Sylhet MC College in 1951.[5] He graduated from Dhaka University with a B.Com (Hons) in 1953. And in the next year, he went to London and studied to qualify as a Chartered Accountant; he earned his certificate from the Institute of Chartered Accountants in England & Wales. He was the founder of one of the first CA firms in Bangladesh Rahman, Rahman & Haque which is associated with KPMG. He became a specialist in monetary, fiscal and development economics.[6]
Politics
Rahman joined a political coalition called the Jatiyatabadi Ganatantrik Dal in 1978 who were supporters of the then president Ziaur Rahman. The party was formalized in September 1978 as the Bangladesh Nationalist Party (BNP).[1] The party formed its first administration after the general election in 1979, in which Rahman won a seat from his home district in Moulvibazar (Sylhet -14)
Rahman was appointed as the finance minister of the first BNP administration under President Ziaur Rahman, in which he served until 1981.[7] Saifur Rahman prepared a record 12 budgets in Bangladesh; he has been praised for opening up Bangladesh's economy in the early 1990s and pioneering major economic reforms. He contributed to the expansion of the economy after the restoration of parliamentary democracy.[8] He served as a minister of Bangladesh for a total of 14 years.
Together with the BNP, Rahman was successful in the general elections of 2001. Contesting on behalf of his party in the parliamentary constituency Moulvibazar-3, Saifur Rahman gained 52 per cent of the total votes.[9] In another contest at the constituency Sylhet-1, Saifur Rahman secured 53 per cent of the total votes, again defeating a rival candidate from the Awami League.[10] As per the constitution, Saifur had to leave blank one of his won constituencies to proceed the house session. He decided to leave the Moulvibazar-3 seat which was later retaken by his son M. Naser Rahman, also representing the Bangladesh Nationalist Party.[8]
In the general elections in 2008, Rahman was defeated in his two constituencies by the Awami League candidates. Abul Maal Abdul Muhith won in Sylhet-1, and was appointed as Finance Minister.
Personal life
Rahman married Duree Samad Rahman, daughter of Late Bazlur Samad Chowdhury, a reputed banker from Chittagong. Saifur Rahman's maternal uncle-in-law was late AK Khan, veteran industrialist and minister.[11]
They had three sons and a daughter together. Duree died of cancer in 2003. His son M. Naser Rahman has followed him into politics; in 2001 by-elections, he won his father's left constituency of Moulvibazar-3. His youngest son married a daughter of late Chowdhury Kamal Ibne Yusuf, a renowned political figure and former Minister. Saifur's only daughter Saifa Rahman married Amer Siddiqi the son of late Mustafizur Rahman Siddiqi, also a former Minister and diplomat.[citation needed]
Death
The Saifur Rahman Auditorium in Moulvibazar Government High School.
Rahman died in a road crash on 5 September 2009 in Brahmanbaria District on his way to Dhaka from his home district of Moulvibazar. Taken unconscious from the car, he was declared dead after being rushed to a hospital.[12] On Friday he was in Sylhet visiting the shrines of Shah Jalal and Shah Paran, then headed for Moulvibazar. A total of five janazah prayers were held for Rahman, the first of which took place in Gulshan Azad Mosque, then at the BNP offices, Parliament buildings, Shahi Eidgah Maidan and Moulvibazar Government High School.[13] The BNP began three days of mourning for the passing.[14] Rahman was buried at his family graveyard beside his wife's grave in Baharmardan village after the prayers.[15][16]
Legacy
Saifur Rahman is credited with being the architect of Bangladesh's economic transformation and liberalization in 1990s by introducing VAT, tax reforms and free market policies.[17]A M A Muhith, the Finance Minister, characterized Rahman's death as "a loss to the nation."[2] The United States mentioned his "critical role in improving the lives and bringing prosperity to millions of Bangladeshis by opening Bangladesh's economy and promoting free market reforms."[2]
