ISLAMABAD: Prime Minister Imran Khan on Friday proposed to set up the Shanghai Cooperation Organisation (SCO) fund and a development bank to catalyse trans-regional development agenda.
“Galvanise the Shanghai spirit by mitigating risk of conflict, fostering trust and promoting stability,” PM Imran Khan said while addressing SCO Summit 2019 in Bishkek, Kyrgyzstan. He also proposed setting up SCO culture and tourism corridor.
He said for the first time in the ages, we had seen advent of the multipolar global order. He further said epicentres of economic powers were shifting eastwards.
The prime minister said enduring peace and prosperity in South Asia would remain elusive until the main dynamic in South Asia was shifted from confrontation to cooperation.
“South Asia continues to be challenged by common enemies, including poverty, illiteracy, disease and under-development,” he said.
He said political differences and unresolved disputes further compounded the predicament.
Imran Khan said it was important to seize the opportunities for peaceful resolution of outstanding disputes and collective endeavours for regional prosperity.
He said Pakistan condemned terrorism in all its forms and manifestations, including state-terrorism against people under illegal occupation.
“We are among the few countries to have successfully turned the tide against terrorism,” he said.
He also said that Pakistan was an attractive investment destination with large market.
The premier said growing intolerance and Islamophobia were accentuating religious fault lines.
Expressing concern over evolving situation in the Gulf and Middle East, he said Pakistan joined the SCO members in urging the parties to exercise restraint, take steps to de-escalate the situation, and find solutions through diplomatic means.