Pakistan assumes G-24 chairmanship, seeks global financial reforms

Pakistan has taken over as chair of the Intergovernmental Group of Twenty-Four (G-24), with Finance Minister Muhammad Aurangzeb setting out priorities for the country’s term. Business Recorder reported that these include putting development higher on the global economic agenda, giving developing countries more influence in multilateral institutions, and changing the international financial architecture.

Aurangzeb also called for accessible development funding, workable debt solutions, stronger financial safety nets and greater climate resilience. He said Pakistan would coordinate with G-24 members and institutions including the IMF and World Bank, drawing on the country’s experience of stabilisation and reform. Prime Minister Shehbaz Sharif described the appointment as a diplomatic milestone and praised the finance minister and ministry team.