ISLAMABAD, November 1, 2026: Pakistan has taken over the chairmanship of the Intergovernmental Group of Twenty-Four (G-24), giving it a leadership role in discussions over development finance and the representation of emerging economies in international financial institutions.
The announcement was made by Pakistan’s Finance Division on Sunday. Finance Minister Muhammad Aurangzeb said the country would use the position to promote development-focused economic policies, greater participation for developing nations and reforms to global financial arrangements.
Three priorities for Pakistan’s G-24 chairmanship
Development-led growth: Pakistan wants international economic policy to support investment, jobs and productivity alongside financial stability. The government says this approach is especially important for countries trying to move beyond repeated economic crises.
Stronger representation: The finance minister called for developing economies to have a more meaningful role in decisions made by multilateral financial institutions, including the International Monetary Fund and the World Bank.
Financial-system reform: Pakistan intends to raise issues including affordable development finance, debt sustainability, climate resilience and mechanisms to help countries respond to financial shocks.
Why the G-24 matters
The G-24 is a forum through which developing economies coordinate positions on international monetary and development-finance questions. Its discussions help members present shared priorities in engagements with global financial institutions.
Holding the chairmanship does not, by itself, change international lending rules or guarantee new financing. It does, however, provide Pakistan with an opportunity to shape the group’s agenda and seek agreement among members on common policy positions.
Government response and next steps
Prime Minister Shehbaz Sharif welcomed the development, describing the appointment as a diplomatic milestone and an opportunity for Pakistan to advocate financial reforms, climate-related support and sustainable growth for emerging economies.
Aurangzeb also acknowledged Nigeria, the outgoing chair, and indicated that Pakistan would work through consultation with G-24 members and international partners. The practical impact of Pakistan’s tenure will depend on the proposals advanced and the support they receive.
Sources
This report is based on the Press Information Department’s November 1 announcement, Radio Pakistan’s report on the chairmanship, and Radio Pakistan’s report on the prime minister’s response.