Pakistan assumes G-24 chairmanship

Pakistan has taken over as chair of the Intergovernmental Group of Twenty-Four (G-24), with Finance Minister Senator Muhammad Aurangzeb saying the role will be used to amplify developing economies’ concerns, Mettis Global reported. He identified climate shocks, gaps in development funding and fragmentation in the world economy as challenges requiring stronger cooperation and more effective multilateral institutions. Aurangzeb said developing nations should be seen as central contributors to global growth, investment and innovation.

Pakistan’s priorities include putting development goals at the heart of economic policymaking, making multilateral institutions more inclusive, and improving access to affordable development finance. The minister also called for sustainable debt solutions, stronger financial safety nets and more funding for climate resilience. Pakistan will work with G-24 members across several regions, as well as the IMF, World Bank and other partners, to pursue these aims.