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Aurangzeb Reaffirms Pakistan's Commitment to Economic Growth at SCO Finance Meet

  • On March 29, 2024, Finance Minister Senator Muhammad Aurangzeb participated remotely in a high-level session of the Shanghai Cooperation Organisation’s senior financial officers and central bank leaders held in Beijing.
  • Pakistan's commitment to SCO economic cooperation stems from recent macroeconomic reforms, stability, and efforts to enhance regional integration, as reaffirmed by Aurangzeb and acknowledged by China's finance minister.
  • Aurangzeb highlighted Pakistan's progress in stabilizing the economy, reducing the current account deficit, supporting digital finance, and backed proposals for an SCO Development Bank and expanded joint initiatives.
  • He emphasized that the SCO Development Bank will play a key role in funding infrastructure projects, advancing development goals, and strengthening economic ties across the region, with a strong focus on innovation, digital financial services, and environmentally sustainable investment practices.
  • The minister expressed optimism that continued SCO collaboration will promote sustainable development, financial stability, and equitable regional prosperity amid global economic challenges.
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International Cement Review broke the news in on Tuesday, June 3, 2025.
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