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

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”. 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. Aurangzeb described the chairmanship as a “profound responsibility”, a handout issued by the Ministry of…