Sultan Ali Allana appointed Chairman as Pakistan seeks to strengthen regional financial cooperation, cross-border trade and investment

Brussels, (Unib Rashid) – Pakistan has assumed the Chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for the 2026–2027 period, with Mr Sultan Ali Allana taking over as Chairman of the Consortium.

The development marks an important step in Pakistan’s efforts to strengthen regional economic cooperation and financial connectivity, coinciding with the country’s Chairmanship of the Shanghai Cooperation Organisation (SCO) for the same period.

In his new role, Mr Allana will lead initiatives aimed at enhancing cooperation among financial institutions of SCO member states, facilitating cross-border trade and investment, and promoting greater financial integration across the region.

The Ministry of Finance has congratulated Mr Allana on assuming this key responsibility and expressed confidence that his leadership will contribute to advancing financial collaboration among SCO member countries.

The ministry also reaffirmed Pakistan’s commitment to building stronger economic partnerships, improving regional connectivity and promoting sustainable development and shared prosperity.

Pakistan has expressed its readiness to work closely with fellow SCO member states to advance practical financial cooperation and explore new opportunities for regional trade, investment and economic growth.

Pakistan’s leadership of the SCO Interbank Consortium is expected to provide an important platform for strengthening financial linkages and supporting broader economic cooperation across the SCO region.

Source: Embassy of Pakistan, Brussels