New Delhi, Oct. 16 -- Pakistan will take over as chair of the Boards of Governors of the International Monetary Fund (IMF) and the World Bank Group (WBG) in 2027, marking its return to the position after more than seven decades, the country's Ministry of Economic Affairs said on Friday.

Ahad Khan Cheema, Pakistan's Minister for Economic Affairs and its governor to the World Bank, was named the incoming chair during the plenary session of the 2026 WBG-IMF Annual Meetings in Bangkok.

Describing the appointment as a "historic milestone", the ministry said the role would give Islamabad an opportunity to participate in global discussions on economic and development issues and encourage constructive engagement among member countries.

"At the...