ISLAMABAD, November 2, 2026: Pakistan has assumed the chairmanship of the Shanghai Cooperation Organisation (SCO) Interbank Consortium for 2026–27, marking a significant development in the country’s efforts to strengthen regional financial cooperation, trade and investment ties.
According to the Ministry of Finance, Sultan Ali Allana has taken charge as chairman of the SCO Interbank Consortium, which serves as a platform for promoting financial collaboration among member countries.
Pakistan’s chairmanship of the Interbank Consortium will coincide with its leadership of the Shanghai Cooperation Organisation during the same period, providing an opportunity to advance regional economic cooperation and strengthen financial connectivity.
The Ministry of Finance congratulated Sultan Ali Allana on assuming the position and described the development as a reflection of Pakistan’s growing role in promoting regional trade, investment and financial partnerships.
The government reaffirmed its commitment to strengthening economic cooperation among SCO member states, particularly by facilitating cross-border trade and investment.
Pakistan also emphasized the importance of enhancing financial linkages between member countries to support regional economic integration and expand opportunities for mutually beneficial partnerships.
The government said promoting regional economic integration and shared prosperity remains among its key priorities under the SCO framework.
The chairmanship is expected to provide Pakistan with an opportunity to contribute to discussions on financial cooperation and initiatives aimed at improving trade and investment connectivity across the region.