Pakistan Assumes G24 Chairmanship, Muhammad Aurangzeb to Champion Developing Countries’ Interests
G24 Chairmanship: Finance Minister Muhammad Aurangzeb to represent developing countries.
Pakistan has assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G24), with Finance Minister Muhammad Aurangzeb appointed as its new chairman.
The appointment gives Pakistan an opportunity to strengthen the voice of developing countries in the global financial system. Aurangzeb said the country would work towards fair representation and a more equitable international financial order.
Pakistan Calls for Fair Representation
Speaking after his appointment, Aurangzeb stressed the need to put development at the centre of global economic policies.
He said economic stability must deliver practical benefits for people. These should include greater investment, employment opportunities and public prosperity.
The finance minister called for stronger representation of developing countries in international financial institutions. He also urged a fairer share in global financial decision-making.
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Aurangzeb highlighted the need for affordable and timely financial assistance for developing nations. He also called for sustainable solutions to debt challenges and effective action on climate change.
G24 to Work with IMF and World Bank
Pakistan will work with the International Monetary Fund (IMF) and the World Bank during its G24 chairmanship, Aurangzeb said.
He identified increased public and private investment as another priority. Supporting economic reforms and securing resources for sustainable development will also remain central to the group’s agenda.
The finance minister said the G24’s success should be measured by improvements in people’s lives across developing countries.
He added that Pakistan would work to turn the collective voice of developing nations into practical action.
PM Shehbaz Welcomes Pakistan’s Appointment
Prime Minister Shehbaz Sharif welcomed Pakistan’s appointment as chairman of the G24.
He said the development would strengthen Pakistan’s voice and role in global economic affairs.
The prime minister also praised the country’s participation in the annual meetings of the World Bank and the IMF. He said the appointment would enhance Pakistan’s representation at the international level.
Pakistan’s chairmanship comes as developing countries continue to seek greater influence in global financial institutions. Their priorities include fairer decision-making, access to financing, debt sustainability and climate-related support.
