Federal Minister for Finance and Revenue Muhammad Aurangzeb has reaffirmed Pakistan’s strong commitment to the Shanghai Cooperation Organisation’s (SCO) economic cooperation agenda, a statement from the Finance Division said on Tuesday.

The minister virtually addressed the meeting of SCO Finance Ministers and Central Bank Governors held in Beijing, saying he was unable to attend due to the ongoing annual budget session in Pakistan.

In his address, the finance minister reaffirmed Pakistan’s dedication to the vision and principles of the SCO. “He emphasised that the SCO is an essential platform for promoting regional cooperation, enhancing economic ties, and working towards shared prosperity, in line with the “Shanghai Spirit” and the SCO Charter,” the statement said.

The minister highlighted Pakistan’s ongoing efforts to strengthen economic cooperation within the SCO framework, calling for increased collaboration in trade, investment, and financial integration.

He proposed initiatives such as joint ventures, technology transfer, and capacity-building programmes that could deliver mutual benefits to all member states.

Aurangzeb reiterated Pakistan’s strong support for the establishment of the SCO Development Bank, describing it as a “pivotal institution to support........

© Dawn Business