SCO Summit Affirms Multipolarity, Pakistan to Chair in 2027

The 26th Shanghai Cooperation Organisation (SCO) Summit in Bishkek underscored the bloc's commitment to a multipolar world order, with Pakistan set to assume the rotating chairmanship in 2027. Leaders from China, Russia, India, Pakistan, and Iran discussed regional security, economic integration, and establishing a counterweight to Western-led institutions amidst global turbulence. The summit highlighted proposals for an SCO Development Bank and Energy Consortium, aiming to diversify trade and reduce reliance on Western financial systems. This assertion of a multipolar vision and challenge to existing global financial structures could bolster safe-haven demand for gold and potentially impact USD/PKR stability.

بحوالہ / Source: www.brecorder.com