
General Zia appointed him Advisor on Finance and later on as Federal Finance Minister. Ishaq Khan represented his country in various international conferences, which include U. N. Conferences on Finance, I. M. F., O. I. C. and Asian Development Bank. In February 1985, Ishaq Khan was elected as Chairman of the Senate.
After the death of General Zia, Ishaq Khan took over as acting President of the country on August 17, 1988. He was elected President on December 13, 1988, as the consensus candidate of PPP and IJI.
In 1993, Ghulam Ishaq Khan was forced to resign from his office due to differences with the Prime Minister. During his tenure, Ishaq Khan dismissed the Governments of Benazir Bhutto and Nawaz Sharif using discretionary powers given to the President under the controversial Eighth Constitutional Amendment.
Ghulam Ishaq Khan breathed his last at his home in University Town, Peshawar on 27th December 2006. He died of Pneumonia after spending nearly three months in Coma. His funeral was conducted at Lady's Club, University Town and was buried at Pawaka Graveyard nearby.

Click here to see Pictures from his funeral