Pakistan, Oct. 17 -- Pakistan will assume the chairmanship of the Boards of Governors of the World Bank Group (WBG) and the International Monetary Fund (IMF) for 2027, with Federal Minister for Economic Affairs Ahad Khan Cheema formally announced as the incoming chair.

The announcement, made during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok, marked a historic milestone, as Pakistan would assume the chairmanship for the first time since 1953, a news release said on Friday here.

The forthcoming chairmanship provides Pakistan with an important opportunity to contribute to global economic and development deliberations and facilitate constructive dialogue among member countries at a critical juncture for the multilate...