Pakistan Urges Targeted Investments in Key Sectors for Regional Economic Integration

Pakistan has emphasized the need for strategic investments in crucial sectors to achieve seamless regional economic integration, the state broadcaster Radio Pakistan reported. Deputy Prime Minister Ishaq Dar made these remarks at a meeting of the Shanghai Cooperation Organisation (SCO) Council of Heads of Government in Dushanbe.

Dar highlighted the importance of targeting high-potential industries such as agriculture, mining, and information technology to build a resilient and interconnected economic future for SCO nations. He also pointed out the China-Pakistan Economic Corridor as a significant opportunity for SCO partners to accelerate economic integration.

The Deputy Prime Minister stressed that future cooperation within the SCO should focus on key areas like Artificial Intelligence, digital transformation, and energy cooperation. He reiterated the need to promote the use of national currencies for mutual settlement and to establish the SCO Development Bank, SCO Development Fund, and an Investment Fund.

Ishaq Dar also underscored the importance of durable peace and security in the region for sustainable economic development. He emphasized that stability in Afghanistan is crucial for regional peace and stability, and that Pakistan seeks a peaceful, stable, and prosperous Afghanistan.

The SCO is a Eurasian economic and security organization comprising eight member states, including Pakistan, China, India, and Russia. Its primary objectives include promoting economic cooperation, ensuring regional security, and fostering cultural exchanges among member states.

The organization's focus on economic integration and cooperation is particularly relevant given the current global economic landscape. By promoting investments in key sectors and enhancing regional cooperation, the SCO aims to create a more stable and prosperous region.