Global finance diplomacy

Pakistan and the G-24

Pakistan assumed the chairmanship of the Intergovernmental Group of Twenty-Four, the bloc of developing countries that coordinates common positions at the IMF and the World Bank, for a one-year term running to the group's next annual meeting of ministers. This hub follows the agenda set in the finance ministry's announcement, the communiqués and reform demands the group takes to the Bretton Woods institutions, and how the chairmanship runs alongside Pakistan's own IMF programme and its turn as chair of the IMF and World Bank boards of governors in 2027.

3 reportsLatest 1 November 2026
The International Monetary Fund's second headquarters building, a tall glass-and-concrete office block with a gridded facade, seen from across the street in Washington, D.C.

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1 November 2026
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Pakistan takes over the G-24 chair and inherits the bloc's reform agenda

Pakistan formally took over the Group of Twenty-Four on 1 November, with Finance Minister Aurangzeb setting a year-long agenda on development finance, debt and climate resilience.

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The State Bank of Pakistan Building on Mall Road, Lahore, a tall stone structure photographed in 2017 under a clear blue sky.International — Region / Business & Finance

Pakistan to chair World Bank and IMF boards in 2027, first time since 1953

Economic Affairs Minister Ahad Khan Cheema was named the 2027 chair of both boards of governors on 16 October at the Bangkok annual meetings; Pakistan last held the role in 1953.

Bangkok skyline and the Chao Phraya River lit up at night, viewed from the State Tower in 2008.International — Region / Business & Finance

Pakistan takes over as G-24 chair in Bangkok, vows Asian bond push and 30% EV target

Aurangzeb accepted the G-24 chair on 14 October in Bangkok, pledged repeated Panda and samurai bond issuance and a 30% EV share by 2030.