Prime Minister Shehbaz Sharif has emphasized the need to develop a better mechanism for promoting trade and providing funds for development initiatives among the member countries of the Shanghai Cooperation Organization.
During the meeting with Ambassador Zhang Ming, Secretary General of SCO in Lahore, Shahbaz Sharif expressed the hope that all SCO member countries will continue to work together to establish peace and enhance international solidarity and cooperation. .
The Prime Minister also reiterated Pakistan’s strong commitment to the principles of the SCO Charter and the Shanghai Spirit. He also highlighted the challenges faced by the Shanghai Cooperation Organization due to rising fuel and food prices and resulting food insecurity.
On this occasion, the Prime Minister spoke about the increase in the prices of fuel and food items and the resulting food insecurity, as well as a large number of the eight member countries of the Shanghai Cooperation Organization including China, India, Kazakhstan, Kyrgyzstan, Pakistan, Russia, Tajikistan and Uzbekistan. I highlighted the economic and financial difficulties for the countries and the challenges that arise from them.
Appreciating the comprehensive development agenda of the Shanghai Cooperation Organization, the Prime Minister emphasized that its main objective is the development and prosperity of the member countries.
The Prime Minister also emphasized the need to develop adequate funding mechanisms to promote intra-SCO trade as well as development initiatives.