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PM calls G24 chairmanship a diplomatic milestone for Pakistan

UrduPoint carried the remark without the text of his statement, while Express News reported Pakistan will head the World Bank and IMF governors' boards in 2027.

Skardu Times desk2 min read

Prime Minister Shehbaz Sharif said Pakistan's chairmanship of the Group of 24 is an important diplomatic milestone that recognises the country's effective role in the global economic landscape, UrduPoint reported on Sunday.

The outlet published the remark as its headline on 1 November. Its report did not carry the text of the prime minister's statement, the venue where he spoke, or the dates of the chairmanship.

The Group of 24 is a grouping of developing countries that coordinates positions on international monetary and development issues.

Express News reported a separate assignment in an article published on its website: Pakistan was given the chairmanship of the boards of governors of the World Bank and the International Monetary Fund for 2027. According to the outlet, the announcement was made at the two institutions' annual meetings in Bangkok in October 2026, and Pakistan had not held the role since 1953.

The article called the assignment a diplomatic and institutional honour. It said the board chairmanship does not give Pakistan unilateral authority over the institutions' policies, describing it as a collective institutional responsibility whose success would depend on consultation and coordination. According to the article, the post gives Pakistan a platform to press the concerns of developing countries on debt, development finance and reform of the global economic system.

Express News published the piece as an assessment rather than a news report. It asked whether Pakistan's rising international profile was changing life for ordinary Pakistanis, and named debt pressure, inflation, energy problems, unemployment, weak export growth and low investment as the country's main difficulties.

The article argued that heading the boards of the financial institutions and finding a durable solution to Pakistan's economic problems were separate matters. It said Pakistan needed to cut reliance on external borrowing, raise exports, lift industrial output, reform its tax system and bring discipline to government spending.

It also said the Middle East situation had given Pakistani diplomacy new weight, and that the country's young population could be its biggest strength if it received quality education, modern skills and jobs.