Finance Minister Senator Muhammad Aurangzeb stated that Pakistan’s upcoming chairmanship of the Intergovernmental Group of Twenty-Four (G-24) provides an opportunity to bolster the collective voice of developing economies in global financial decision-making. During a virtual briefing on November 4, 2026, Aurangzeb pledged to pursue an inclusive, results-oriented agenda centered on development financing, economic resilience, and reforms to the international financial system.
The briefing included Dr. Iyabo Masha, Director of the G-24 Secretariat, and Saif Ullah Dogar, Senior Advisor to the Executive Director at the International Monetary Fund (IMF). Dr. Masha informed the minister regarding the G-24’s institutional structure, research activities, and engagement with multilateral forums. She also detailed the upcoming program, which includes ministerial meetings held alongside the IMF-World Bank Spring and Annual Meetings, and preparations for the G-24 Technical Group Meeting that Pakistan is expected to host in February 2027.
Aurangzeb noted that Pakistan intends to build on the work of previous chairmanships while focusing on policy coordination, consensus-building, and meaningful engagement among member countries. He highlighted the necessity of increasing the G-24’s influence in international economic policy discussions, specifically regarding access to affordable development financing and measures to improve the resilience of emerging and developing economies.
The minister emphasized that the development concerns of these countries must receive adequate consideration in the decision-making processes of international financial institutions. He stated that greater representation should be paired with constructive engagement and practical policy proposals to build international consensus. Aurangzeb said the chairmanship would bring developing countries closer on common interests to promote a more inclusive international financial architecture that reflects the economic realities of emerging markets.
Addressing issues such as geopolitical and geoeconomic fragmentation, persistent development financing gaps, and mounting economic pressures, Aurangzeb said the G-24 needs an agenda that responds to emerging challenges while remaining committed to longstanding priorities. He identified essential areas for sustained attention as effective multilateral cooperation, affordable development financing, stronger economic resilience, and expanded opportunities for trade, investment, and economic integration.
Pakistan reaffirmed its commitment to consulting with member countries and the G-24 Secretariat to translate shared priorities into practical policy recommendations. Aurangzeb placed particular emphasis on the February 2027 Technical Group Meeting in Pakistan, calling for early planning and broad participation to provide an analytical foundation for future ministerial deliberations. He concluded by stating that Pakistan would seek to strengthen the group’s collective voice to contribute to a more responsive and resilient international monetary and financial system.
