KARACHI: Pakistan’s Finance Minister Muhammad Aurangzeb on Thursday called for developing economies to play a greater role in shaping global economic governance in an interview on the sidelines of the AlUla Conference for Emerging Market Economies in Saudi Arabia.
The conference, hosted by the Kingdom’s Finance Ministry, brings together top government functionaries, central bank governors and policymakers from emerging markets to discuss debt sustainability, macroeconomic coordination and structural reforms amid global economic uncertainty.
In a conversation with the Saudi Press Agency, Aurangzeb described the conference as a timely platform for dialogue at a moment of heightened geopolitical tensions, trade fragmentation and rapid technological change, including advances in artificial intelligence.
“It is not merely about discussions but about translating deliberations into concrete policy actions and execution over the course of the year,” he said, according to a statement circulated by the Finance Division in Islamabad.
The minister said emerging markets’ growing share of global output and growth should be matched by greater influence in international decision-making.
He noted these economies must strengthen collective dialogue and coordinated policy responses to address shared challenges, adding that the global landscape had evolved significantly since the inaugural edition of the conference.
Aurangzeb expressed confidence that the outcomes of the AlUla Conference would contribute to strengthening coordination among emerging economies and reinforcing their collective voice in shaping a more inclusive and resilient global economic order, the statement added.
