Pakistan assumes chairmanship of SCO Interbank Consortium for 2026-27
⟶ Pakistan has assumed the chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for the 2026-27 term. This transition was announced by the Ministry of Finance on Monday. HBL Chairman Sultan Ali Allana has taken charge as the head of the consortium for this period.
Pakistan has assumed the chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for 2026-27, the Ministry of Finance said on Monday. HBL Chairman Sultan Ali Allana has taken over as head of the consortium for the period. “The dev…
Why it matters
This assumption of chairmanship signifies Pakistan's role in the financial cooperation mechanisms within the Shanghai Cooperation Organisation. The SCO-IBC aims to facilitate financial collaboration among member states.