Success of the SCO Summit Essential for Pakistan’s Development

ISLAMABAD: The success of the Shanghai Cooperation Organization (SCO) Summit is significant for Pakistan’s Development because SCO members are among forty percent of the world’s population rich in oil and mineral resources.

Aside from ending the country’s isolation on a diplomatic front, the success of the SCO Summit holds the potential of opening new avenues for economic development in Pakistan. In lieu of this, the Belt and Road Initiative (BRI) launched by China has the potential to connect all member countries. Not only can large industrial projects be initiated under the BRI project across multiple countries, including in Pakistan, it can also play a vital role in expanding regional connectivity.

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Similarly, the International North-South Transport Corridor (INSTC) launched by Russia also has the potential to connect members countries with Europe. The benefits of these projects can be obtained through effective diplomacy on Pakistan’s part as the country is suffering from an energy crisis – to end this energy crisis, Pakistan is expected to start joint energy production projects under the SCO. Renewable energy projects can be worked on, and Pakistan’s energy crisis can be eliminated.

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The most important initiative being worked on under the SCO is regional coordination, however, through which people-to-people connections can be strengthened. SCO’s platform can be used effectively for counter-terrorism work. The member countries of SCO include Russia and China, which are countries with very high technology. Member countries can also get modern technology from these countries and can bring innovation in their own technology.

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