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Pakistan assumes G-24 chairmanship, seeks global financial reforms
Finance Minister Muhammad Aurangzeb said the chairmanship will focus on development-led growth, stronger representation and reforms to global lending rules.
- On Sunday, November 1, 2026, Pakistan assumed the chairmanship of the Intergovernmental Group of Twenty-Four , with Finance Minister Muhammad Aurangzeb pledging to prioritize development-led growth and reform of the international financial architecture.
- Aurangzeb outlined three strategic priorities: development-led growth, stronger representation for developing economies, and reform of international financial architecture, aiming to shift the group from collective voice to meaningful influence.
- "Macroeconomic stability must serve as a foundation for investment, productivity, employment and shared prosperity," the minister said, advocating for equitable governance and greater responsiveness from Bretton Woods institutions.
- Prime Minister Shehbaz Sharif welcomed the appointment as a diplomatic milestone, expressing confidence that Pakistan will elevate the country's voice in global economic affairs and address climate change challenges.
- The chair emphasized that developing economies' immense potential should not be constrained by an international financial architecture that has yet to fully adapt to a changing world, with priorities including affordable development financing and sustainable debt solutions.
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PM Shehbaz welcomes Pakistan’s election as G-24 chairman, calls it diplomatic milestone
Prime Minister Shehbaz Sharif has described Pakistan’s election as chairman of the Intergovernmental Group of Twenty-Four (G-24) as a significant diplomatic achievement, saying it would strengthen the country’s role in international economic affairs.
·Lahore, Pakistan
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Pakistan Live NewsPakistan assumes G-24 chairmanship, stresses more inclusive global financial system
FinMin describes G-24 chairmanship as profound responsibility.Developing nations' economies drivers of innovation: Aurangzeb.FinMin reiterates commitment to advancing the G-24's mission.Pakistan has assumed the chairmanship of the...
·Karachi, Pakistan
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Total News Sources12
Leaning Left0Leaning Right4Center2Last UpdatedBias Distribution67% Right
Bias Distribution
- 67% of the sources lean Right
67% Right
C 33%
R 67%
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