Pakistan Assumes Chairmanship of G-24, Pledges to Push for Global Financial Reforms
Published
On Sunday, Pakistan assumed the chairmanship of the Intergovernmental Group of Twenty-Four (G-24). On this occasion, Finance Minister Muhammad Aurangzeb expressed a commitment to intensify efforts for reforms in the global financial system.
The G-24 is an important forum of developing countries. The group articulates the position of developing countries on international financial matters. It discusses strengthening the voice of developing countries in the decisions of global financial institutions, such as the IMF and the World Bank.
According to the Finance Minister, during its tenure in this role, Pakistan will emphasize reforms in the global financial system that can secure fair representation and better access to financial resources for developing countries. To this end, Pakistan intends to work together with other member countries.
For Pakistan, this chairmanship is important because it will further highlight its presence in global financial forums. It remains to be seen how this commitment is translated into practical measures.
Sources: The Express Tribune
More Pakistan news
- China's Industrial Development Becomes a Focus of Global Business Interest
- Crackdown on Online Fraud in Cambodia, but the Industry's Global Spread Continues
- The Role of Artificial Intelligence in Making Ride-Hailing Services Safer in Pakistan
- Islamabad High Court Orders Meeting Between Imran Khan, Bushra Bibi and Their Lawyers
- Health Minister says no public funds were wasted in vaccine procurement
- Study at a Pakistani Hospital: COVID-19 Positive Cases Among Children Peaked During the Fifth Wave
- Pakistan Wants a More Representative Global Order: Ishaq Dar
- Debate Over Increasing the Number of Provinces in Pakistan