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Tuesday October 22, 2024

SCO summit signals growing international confidence in Pakistan, experts say

By Our Correspondent
October 23, 2024
Participants of the Shanghai Cooperation Organisation summit attend an extended-format meeting of heads of SCO member states in Samarkand, Uzbekistan. — Reuters/File
Participants of the Shanghai Cooperation Organisation summit attend an extended-format meeting of heads of SCO member states in Samarkand, Uzbekistan. — Reuters/File

KARACHI: The recent Shanghai Cooperation Organisation (SCO) summit in Islamabad, along with a visit from Saudi investors, has demonstrated increasing international confidence in Pakistan’s economic potential, according to Ziaul Mustafa, president of the House of Professionals.

Speaking at a seminar titled ‘Investment and Growth Opportunities in Pakistan’, Zia highlighted that these developments serve as positive indicators for the country’s economic growth, even amid challenging times. He said that the successful hosting of the SCO summit and Saudi investor interest position Pakistan as a significant player in promoting regional trade and investment.

“Pakistan’s current economic challenges are undeniable, but the interest shown by Saudi investors, coupled with the outcomes of the SCO summit, provides a strong foundation for new investment opportunities, regional cooperation and enhanced trade ties,” Zia remarked. He further noted that the Summit reinforced Pakistan’s strategic importance, paving the way for the development of trade routes, infrastructure projects, and deeper partnerships with SCO member countries.