Bokhari was born on a farm near Anola, Manitoba. As a student she attended the University of Manitoba where she obtained degrees in criminology and psychology. She then went on to complete a degree in law at Robson Hall, focusing on corporate commercial law. Bokhari was active in the Manitoba Law Students Association, serving as President in 2012. Bokhari moved to Pakistan in 2002, living there with her family until she returned to Winnipeg in 2006. Her childhood home and family chicken farm were lost to a fire in 2012.
Liberal leadership
After long-standing Manitoba Liberal Party leaderJon Gerrard resigned his position in 2013, Bokhari was the first person formally to declare her candidacy. She faced two opponents, Bob Axworthy and Dougald Lamont. During the party leadership contest, Bokhari was seen as an outsider. Although two of her relatives had stood as Liberal candidates at the previous provincial election, she had not previously had a profile in the provincial party. Despite this, she was endorsed by the Manitoba Senator Maria Chaput, the leading Liberal candidate from the 2011 elections, Paul Hesse and party Vice-President Robert Young. She won a first ballot victory by one vote, with 431 votes. The victory made Rana Bokhari the youngest person ever to lead the Manitoba Liberals and the first Manitoban of South Asian descent to lead a political party in the province. She faced internal criticism from party members and former leadership challenger Bob Axworthy, who accused Bokhari of "purging" longtime Manitoba Liberal members as she solidified control of the party. Party membership and fundraising struggled under Bokhari,. Bokhari committed to making Manitoba the "hub of something" in her year end interview with the Winnipeg Free Press. She explained "I want Manitoba to be the IT capital of this country or the innovation capital of this country." In 2014 Bokhari endorsed Winnipeg mayoral candidate Brian Bowman in the 2014 Winnipeg Municipal election. In the 2016 Manitoba general election Bokhari finished third in Fort Rouge, behind future Manitoba NDP leader Wab Kinew. On May 7, 2016, Bokhari announced that she would not lead the party into the next election but would remain on as leader until her successor was chosen. She ultimately resigned as leader, effective September 24, 2016, and opened a law practice, Bokhari, Smith and Walker, the same month.