ISLAMABAD (Special Correspondent) – Pakistan on Sunday, 1 November 2026, officially assumed the Chairmanship of the Intergovernmental Group of Twenty-Four (G-24), pledging to advance a more inclusive and development-oriented international financial system. The leadership role positions the nation at the forefront of efforts to address the fiscal challenges currently facing developing economies worldwide.

Key Points

• Pakistan has taken over the G-24 Chairmanship to advocate for fair and responsive global economic institutions.
• Finance Minister Senator Muhammad Aurangzeb identified development as the core priority for international economic policymaking.
• The agenda focuses on sustainable debt solutions, climate resilience, and enhanced access to development financing.
• Pakistan intends to work closely with the International Monetary Fund (IMF) and the World Bank to achieve reform.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, termed the Pakistan G-24 chairmanship as a profound responsibility. During his inaugural address, he emphasized that the stability of developing nations is central to the future of the global economy, rather than a peripheral concern. He called for stronger multilateral institutions capable of navigating climate shocks and global economic fragmentation.

Strategic Priorities for Global Reform

Senator Aurangzeb outlined three strategic pillars for his tenure. First, the G-24 will advocate for placing development at the heart of economic policy, ensuring that macroeconomic stability acts as a catalyst for employment and productivity. Second, the group will push for more representative governance within Bretton Woods institutions to ensure meaningful participation for low-income member states.

The third priority involves building a robust international financial architecture that provides affordable financing and stronger safety nets. Senator Aurangzeb noted that the current systems have often failed to adapt to the changing realities of the modern world. He emphasized that the group must shift its focus from mere advocacy to achieving tangible, collective influence that yields meaningful progress.

Collaborative Advocacy and Future Outlook

Drawing on the country’s recent experience with economic stabilization and structural reform, the Finance Minister reiterated that nations require sufficient policy space to pursue long-term growth. He expressed gratitude for the leadership provided by Nigeria during its term as the outgoing chair and promised to continue the momentum established by previous administrations.

Pakistan’s strategy will rely on the core G-24 principles of consultation and consensus. By engaging with members across Africa, Asia, Latin America, and the Caribbean, the Minister believes the group can turn shared challenges into practical development outcomes, ensuring the global financial landscape works for all nations.

Frequently Asked Questions

What are the primary goals of Pakistan’s G-24 leadership?

Pakistan aims to place development at the center of global policymaking, reform multilateral institutions for better representation, and secure more equitable debt and financial solutions for developing countries.

Who serves as the G-24 Chair for this term?

The G-24 Chairmanship is currently held by the Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, representing Pakistan.