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Dar Urges SCO to Activate Financial Tools at Moscow Government Chiefs’ Meeting

Islamabad seeks to convert the bloc’s pledges into concrete projects by moving pooled financing from plans to practice.

Overview

  • Addressing the 24th Council of Heads of Government in Moscow, Ishaq Dar called for operationalising the SCO Interbank Consortium and advancing an SCO Development Bank.
  • He framed deeper economic integration as the organisation’s next phase, focusing on trade, connectivity, investment partnerships and the digital economy.
  • Dar proposed expanding the SCO University Network into an applied consortium to drive student exchanges and joint research in areas such as IT, AI, agriculture, water management and telemedicine.
  • He urged stronger humanitarian and disaster preparedness cooperation, offering Pakistan-led simulation exercises, and pressed to involve observer and partner states in project-based work.
  • Pakistan remains slated to host the next SCO summit, while a joint communique and related documents adopted at the Moscow meeting were cited by Dar as guidance for collective efforts.