• Tuesday, August 20, 2019

Imran says no to dollar at SCO

Discussion in 'Pakistan Economy' started by kahonapyarhai, Jun 14, 2019.

  1. kahonapyarhai

    kahonapyarhai SENIOR MEMBER

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    –PM urges SCO to finalise arrangements for trade in local currencies, set up SCO bank

    –Says SCO needs to advance goals of peaceful co-existence at regional, global level

    BISHKEK: Prime Minister Imran Khan on Friday urged the member states of the Shanghai Cooperation Organisation (SCO) to finalise arrangements for trade in local currencies and set up SCO Fund and SCO Development Bank to catalyse the trans-regional development agenda.

    He was presenting his eight-pronged course of action for SCO in the light chaotic international politics at the 19th meeting of SCO Council of Heads of State in Bishkek, Kyrgyzstan on Friday.

    The prime minister said the SCO should reinforce its vision of cooperation, that rejects confrontation, and advance the imperatives of peaceful co-existence at the regional and international levels.

    He said the SCO member states should galvanise the “Shanghai Spirit” to strengthen the organisation’s core mandate of mitigating the risks of conflict, fostering confidence, and promoting stability.

    He said the member states need to synergise the various region-wide connectivity initiatives and work on complementing infrastructure connectivity with soft connectivity.

    He proposed setting up SCO culture and tourism corridors, clustering multiple SCO destinations into a single package.

    Imran emphasised on making the SCO more relevant to the daily lives of citizens by promoting food security and enhancing cooperation in health and humanitarian sectors. He said SCO should take the lead role in establishing a comprehensive framework for combating corruption and white-collar crime.

    He said SCO should prioritise women and youth empowerment by focusing inter-alia on strengthening the women forum and the youth council and mandating them to promote gender mainstreaming, skills acquisition and jobs mobility.

    He said SCO member countries need to bridge the gap between region-specific research and policy by launching feasibilities for creating SCO centres of excellence on poverty alleviation, de-radicalisation, connectivity, and new technologies.

    The prime minister said South Asia continues to be challenged by common enemies: poverty, illiteracy, disease and under-development. He said political differences and unresolved disputes further compound the predicament.

    He said enduring peace and prosperity in South Asia will remain elusive until the main dynamic in South Asia is shifted from confrontation to cooperation.

    He said it was important to seize the opportunities for peaceful resolution of outstanding disputes and collective endeavours for regional prosperity.

    The prime minister said Pakistan condemns terrorism in all its forms and manifestations, including state terrorism against people under illegal occupation.

    He said we are among the few countries to have successfully turned the tide against terrorism.

    He said Pakistan remains ready to share its experience and expertise in counter-terrorism. We will also remain actively engaged in SCO’s counter-terrorism initiatives.

    Referring to the Afghan issue, the PM said there was finally a realisation that the conflict in Afghanistan has no military solution.

    He said Pakistan is fully supporting efforts for peace and reconciliation, through an Afghan-led and Afghan-owned process.

    The PM said Pakistan deemed this to be part of shared responsibility and, therefore, appreciate the positive contributions being made by China, Russia and Afghanistan’s immediate neighbours.

    He said SCO’s support for post-conflict Afghanistan will remain crucial.

    Expressing concern over the evolving situation in the Gulf and the Middle East, Imran said Pakistan joins the SCO members in urging the parties to exercise restraint, take steps to de-escalate the situation and find solutions through diplomatic means.

    He said Pakistan believed the implementation of the Joint Comprehensive Plan of Action by all parties was essential for international and regional stability.

    The PM said Pakistan provides the vital connectivity between the Middle East and China and Central and South Asia. These geographic proximities and economic imperatives draw us closer to SCO.

    He said Pakistan is an attractive investment destination and a large market endowed with a rich array of resources.

    He said Pakistan’s foreign policy outlook is anchored on the inextricable link between peace and development.

    He said we build partnerships based on mutual respect, sovereign equality and equal benefit.

    The PM said China-Pakistan Economic Corridor, the flagship project of President Xi’s far-sighted Belt and Road Initiative, is fast reaching fruition.

    He said Gwadar Port, at its southern end, marks the only point of convergence of the maritime Belt and Road. He said CPEC is destined to catalyse the creation of an integrated pan-Asian sphere of shared prosperity.


    https://www.pakistantoday.com.pk/2019/06/14/imran-says-no-to-dollar-at-sco/
     
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  2. Abdussamad

    Abdussamad BANNED

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    Pakistanis can't afford dollars anyway!
     
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  3. VCheng

    VCheng ELITE MEMBER

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    Of course Pakistan can afford dollars by the billions, except that it is taking more and more of the rupees to buy them because of the shrinkage.
     
  4. Abdussamad

    Abdussamad BANNED

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    woosh!
     
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  5. maithil

    maithil BANNED

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    He should not sign deal with IMF for Dollars then. Why try to secure loan in a currency, you so deeply despise.
     
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  6. T|/|T

    T|/|T FULL MEMBER

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    Where did he say he despise the dollar? He wants to promote other currencies too and thats a very good economic strategy. Diversification is good. Why r indians worried abt it? Lolz
     
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  7. nahtanbob

    nahtanbob BANNED

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    venezuelan bolivars and Zimbabwean dollars are not fine with me
     
  8. Syed1.

    Syed1. SENIOR MEMBER

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    Man in any thread about Pakistan economy there are more filthy Indians than even Pakistanis. These scums really need to get a life.
     
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  9. 313ghazi

    313ghazi SENIOR MEMBER

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    It's a smart move. In my lifetime Pakistan, Turkey, Iran, Iraq, Sudan, Yemen, Afghanistan, Somalia, Syria, Libya, Lebanon have all been the victims of US financial sanctions.

    If Muslims nations had any sense they'd form thier own version of the EU and have a single currency. At least the more developed ones could and the rest could adapt it later when thier economies improve. We have not spilt more blood than the Europeans did.
     
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  10. nahtanbob

    nahtanbob BANNED

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    If the EU experiment worked so well do you wonder why UK left ?
     
  11. Mugen

    Mugen FULL MEMBER

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    It is had its benefits, but it can be tweaked. Not like it has to be exactly like that.
     
  12. 313ghazi

    313ghazi SENIOR MEMBER

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    1. We haven't left.
    2. We voted to leave because the vast majority of the electorate in this country are politically illiterate and seem to think the reason they're becoming poorer and facilities are not what they used to be us because of a few million immigrants who have moved to the UK over the last 20 years, as opposed to the fact successive governments have failed to tax the wealthy, have privatised state assets to thier friends and family, have used tax payer money to bail out banks (without claiming costs back) and have deliberately underspent on essential services and failed to cut government waste and corruption.

    The average Pakistani is way more politically aware than the average Brit.

    The current PM during her role as home secretary gave contracts for the Olympics security, deportations services and running the prisons to a company her husband holds shares in.

    In Pakistan that would have bought the government down, in Britain one filthy corrupt hand washes the other.
     
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  13. nahtanbob

    nahtanbob BANNED

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    please ... Pakistan is a kleptocracy. do not compare UK to it

    I get the point about immigration - especially East European
     
  14. Longhorn

    Longhorn FULL MEMBER

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    Because a certain section of the UK population would rather blame the EU for their ills rather than the piss poor government that caused them.
    They've also not heard of the adage "you don't know what you've got until it's gone".
    I suspect they'll find out very quickly once they leave.
     
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  15. nahtanbob

    nahtanbob BANNED

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    If you are part of the EU does the UK government control anything ?