The Aporia · Pakistan becomes chair of G-24 bloc of developing nations, reaffirms pledge to fairer global financial system

Pakistan took over the chairmanship of the Group of 24 (G-24), an intergovernmental organization representing developing countries, on Sunday. Finance Minister Muhammad Aurangzeb pledged to strengthen the voice of developing economies and push for a more responsive global financial system. He emphasized three strategic priorities: placing development at the center of global economic policy, strengthening multilateral frameworks, and advancing a fair international financial architecture that supports sustainable growth and addresses climate challenges.

Written by AI on 2026-11-01, from this article's own text only (the story summary below draws on all the coverage).

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Pakistan assumed the chairmanship of the Group of 24 (G-24) on November 1, 2026, with Finance Minister Muhammad Aurangzeb pledging to strengthen the collective voice of developing economies and promote a more responsive international financial system. The G-24, established in 1971, is an intergovernmental group that coordinates positions on monetary and financial issues among developing countries. During his tenure, Aurangzeb emphasized the need for affordable development financing, sustainable debt solutions, climate resilience, and increased capital mobilization from both public and private sectors. He also stressed the central role of developing economies in global economic stability and growth.

Written for “Pakistan Chairs G-24 Bloc” on 2026-11-01, grounded in this article and the 0 other(s) covering the same event.

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Pakistan assumed the chairmanship of the Group of 24 (G-24) on Sunday, with Finance Minister Muhammad Aurangzeb expressing the country’s resolve to strengthen the collective voice of developing economies and “advancing a more responsive, fair and development-oriented international financial system”.

left Advocates for a more equitable global financial system

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Leaning: leans strongly left for article 120855 (high confidence, 1 verified quote) · logged 2026-11-01

📰 Pakistan Chairs G-24 Bloc

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🔮 He added that such an approach would enable “developing and low-income economies to move beyond crisis management towards sustainable growth”.

2026-11-01 · assertive framing · Pakistan becomes chair of G-24 bloc of developing nations, reaffirms pledge to fairer global financial system

🔮 US Secretary of State Marco Rubio has said that Washington has “heard” Pakistan’s concerns about terrorism emanating from Afghanistan and if “there’s a productive role for us to play, we would play it”.

2026-11-01 · assertive framing · US hears Pakistan’s concerns over terrorism from Afghanistan, would play ‘productive role’ if there is one: Rubio

🔮 In its statement, the information ministry said the Afghan spokesman’s remarks expose the “regime’s deeply misguided approach and unwillingness to confront the root cause of deteriorating relations with Pakistan”.

2026-10-31 · assertive framing · Pakistan slams Afghan Taliban for 'shifting blame', 'persistent refusal' to address terrorism issues

🔮 In July 2025, a steering committee tasked with developing the Greater Karachi Regional Plan 2047 was informed that the new master plan of the country’s commercial capital would be ready within two years.

2026-10-31 · assertive framing · Sindh CM Murad blames city planners for 'ruining' Karachi

🔮 A day earlier, he said that the wording of the pact did not bar new members after being asked about whether Iran could join the agreement.

2026-10-31 · assertive framing · Syria weighing whether to join Makkah pact: foreign minister

🔮 “From Peshawar to Kohistan and Hazara, and across the entire southern region of Khyber Pakhtunkhwa, the majority of people would tell you that the PTI government has done very little, if anything, to address their basic needs,” he said.

2026-10-31 · assertive framing · ‘Very little, if anything, done for KP’: PM Shehbaz rails against PTI’s governance in province

2026-10-31 · assertive framing · ‘Very little, if anything, has been done for KP’: PM Shehbaz rails against PTI’s governance in province

🔮 Following the revision, HSD will retail at Rs402.96 per litre.

2026-10-30 · assertive framing · Petrol price unchanged, high-speed diesel raised by Rs2.29

🔮 He began by saying that Pakistan and Singapore enjoyed longstanding and friendly ties focused on mutual respect and goodwill, and Pakistan was one of the first countries to recognise Singapore following its independence in 1965.

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🔮 “Security forces remain committed to the defence of the country and the protection of its people and there will be no compromise on national security,” the report said.

2026-10-30 · mixed framing · Pakistan Army destroys Afghan Taliban posts in response to firing at Angoor Adda: state media

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Pakistan assumed the chairmanship of the Group of 24 (G-24) on Sunday, with Finance Minister Muhammad Aurangzeb expressing the country’s resolve to strengthen the collective voice of developing economies and “advancing a more responsive, fair and development-oriented international financial system”. asserted

Aurangzeb → assume → system

The intergovernmental group is a coalition of developing countries established in 1971 to coordinate their positions on international monetary and financial issues, according to its website. uncertain

group → develop → website

Aurangzeb described the chairmanship as a “profound responsibility”, a handout issued by the Ministry of Finance stated, adding that he also called for “renewed international cooperation, stronger multilateral institutions and reinforced global commitments to address climate shocks, development financing gaps and global economic fragmentation”. asserted

he → describe → shocks

“The future of developing economies is not peripheral to the future of the global economy. asserted

future → develop → economy

It is central to it,” the statement quoted the finance minister as saying. asserted

statement → quote → minister

He further highlighted the “immense potential of emerging and developing nations as drivers of investment, innovation, entrepreneurship and global growth”. asserted

He → highlight → investment

Aurangzeb outlined three strategic priorities for Pakistan under the chairmanship: placing development at the centre of global economic policymaking, strengthening multilateral frameworks, and advancing a development-oriented international financial architecture. asserted

Aurangzeb → outline → architecture

For the first priority, the finance minister stressed the significance of macroeconomic stability, saying that it must be a foundation of investment, productivity, employment and shared prosperity. asserted

it → stress → investment

He added that such an approach would enable “developing and low-income economies to move beyond crisis management towards sustainable growth”. asserted

economies → add → growth

Secondly, he added that under its chairmanship, Pakistan will advocate for “more equitable and fair governance, meaningful participation in decision-making and greater responsiveness of the Bretton Woods institutions to the evolving needs and realities of their members”. asserted

Pakistan → add → members

Thirdly, the finance minister said affordable and timely development financing, sustainable debt solutions, stronger global financial safety nets, climate resilience and greater mobilisation of public and private capital would be prioritised. “Our task is to ensure that the immense potential of developing economies is not constrained by an international financial architecture that has yet to fully adapt to a changing world,” Aurangzeb was quoted as saying. More to follow. asserted

Aurangzeb → say → world

Pakistan becomes chair of G-24 bloc of developing nations, reaffirms pledge to fairer global financial system

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