Pakistan

SCO Summit to Boost Pakistan’s Economic, Regional Ties: Atta Tarar

Chinese Premier Li Qiang to Visit Pakistan from October 14-17"

Federal Minister for Information and Broadcasting Attaullah Tarar has high hopes for the upcoming Shanghai Cooperation Organisation (SCO) Summit, calling it a “game-changer” for Pakistan. The summit is expected to boost Pakistan’s economic and regional ties, and Tarar believes it’s a great honor for Pakistan to be recognized for its potential by the global community.

Briefing the international media in Islamabad today about preparations for the upcoming SCO summit, he stated that Pakistan was all set to host a major event and it was a great honour for Pakistan to be acknowledged for its true potential by the global community.

Information minister added that Islamabad had been decorated and turned into a picturesque city reflecting the cultures of SCO member states. Tarar hailed the conference as a crucial forum for regional cooperation, and stressed the SCO would be pivotal to resolve challenges, including climate change and terrorism.

Federal minister maintained that Pakistan was an advocate of independent policy on trade and investment and committed to the promotion of trade and peace in the region. Information minister claimed the recent visit of the Malaysian Prime Minister Dato’ Seri Anwar Ibrahim was successful and rice and halal meat exports would strengthen the bilateral ties.

The visit of business delegations from Saudi Arabia to Pakistan remained fruitful with regard to increasing Pakistan’s trade and investments, he highlighted.

Attaullah Tarar emphasised that agreements worth 2.2 billion dollars were signed in the field of agriculture, mining, IT, livestock and energy during the visits of Saudi delegations. He disclosed that Saudi Crown Prince Muhammad Bin Salman had expressed the desire to increase investment in trade in Pakistan.

He also recalled the visit of the late Iranian President Ibrahim Raisi which strengthened the ties between the two countries. The minister said Pakistan valued its partnerships with other countries.

Attaullah Tarar said Pakistan was opening up to the world and the economic indicators were continuously improving, the inflation rate had decreased from 32 pc to 6.9 pc while exports surged by 14 pc with foreign remittances rising to 8.8 billion dollars.

Visit of the Chinese premier would prove a game changer for CPEC which was performing better in the second phase, he added.

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Chinese Prime Minister Li Qiang is scheduled to visit Pakistan from October 14 to 17, as announced by the Foreign Office. During his visit, he will engage with parliamentary and military leaders to strengthen bilateral ties.

Li Qiang will participate in the Shanghai Cooperation Organization (SCO) summit and attend the Government Council meeting, accompanied by a delegation of foreign, trade, and other officials, along with interpreters.

The discussions between Prime Minister Li and his Pakistani counterpart, Shehbaz Sharif, will focus on enhancing cooperation under the China-Pakistan Economic Corridor (CPEC). Both leaders will lead their respective delegations to explore various aspects of the Pakistan-China All-Weather Strategic Cooperative Partnership, particularly in the realms of economic and trade relations.

In addition to economic matters, the two sides are expected to address regional and global developments. The Chinese Prime Minister will also meet with President Asif Zardari during his visit.

The visit underscores the significance of the long-standing partnership between Pakistan and China and aims to reinforce collaborative efforts for mutual growth and development.

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