The most recent development in the global economic governance landscape is the call for emerging and developing economies to play a more substantial role in shaping global economic policies. This was emphasized by Pakistan's Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, during the second edition of the AlUla Conference for Emerging Market Economies. According to Daily The Patriot, Aurangzeb highlighted the increased contribution of these economies to global GDP and growth, stating that their 'expanding share in global output and growth must now be matched by greater influence in global decision-making processes.' He stressed the importance of translating discussions into 'concrete policy actions and execution over the course of the year.' The conference, hosted by Saudi Arabia, provided a platform for finance ministers and central bank governors to address challenges such as geopolitical tensions and trade fragmentation, as reported by dunyanews.tv.