Pakistan assumes G-24 chairmanship and calls for global financial reforms
Pakistan took over the chair of the Group of 24 on Sunday with Finance Minister Muhammad Aurangzeb outlining plans for a fairer international financial system.
Three priorities for Pakistan's agenda
Finance Minister Muhammad Aurangzeb stated that development must be placed at the centre of global economic policymaking. The ministry also aims to strengthen the representation of developing economies in multilateral institutions. A third priority involves reforming the international financial architecture to better reflect member needs.
Focus on financing and climate resilience
The finance division highlighted affordable development financing and sustainable debt solutions as key areas for attention. Pakistan also seeks stronger global financial safety nets to support climate resilience efforts. The group intends to mobilise both public and private capital for these goals.
Statement on emerging economies
Aurangzeb described the future of developing nations as central rather than peripheral to the global economy. He noted their potential to drive investment, innovation, entrepreneurship and overall growth worldwide. The minister called for renewed international cooperation to address economic fragmentation.
All 2 outlets report consistently
No differences in figures, names or dates across these reports.
- Business Recorder
- Dawn
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