Pakistan, Nov. 2 -- 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 its chairmanship as a "profound responsibility", a handout issued by the Ministry of Finance stated, adding that he also called for "renewed international cooperation, stronger multilateral institutions and reinfor...