Pak-Study Presentation
Pak-Study Presentation
1 Member 1 2 Member 2
Abdul Rehman (002) Hamza Abbas (015)
3 Member 3 4 Member 4
Muhammad Hamza (027) Nouman Rashid Butt (033)
Topic:
The impact of shanghai corporation organization
summit 2024 and it's economic impact on Pakistan
Introduction
Pakistan, as the chair of the SCO Council of Heads of Government, hosted the SCO Summit in Islamabad
on October 15-16, 2024. This event highlighted Pakistan's commitment to regional cooperation and
addressing shared challenges within the SCO framework. The summit focused on enhancing economic
ties, promoting connectivity, and fostering stability within the Eurasian region.
SCO
Founded in 1996, the Shanghai Cooperation Organization (SCO) is an intergovernmental organization
focused on regional cooperation, peace, and development. The SCO represents a significant portion of
the global population and GDP, acting as a bridge between Asia and Europe.
Agendas of the Council of
Heads of Government
Meetings
1 Regional Economic Integration
Exploring ways to enhance trade and connectivity within the
Eurasian bloc.
2 Poverty Eradication
Member states pledged to work on eradicating poverty and
promoting sustainable development.
3 Inclusive Growth
Promoting initiatives aimed at reducing disparities and
ensuring inclusive growth.
Challenges Faced by the
SCO
1 Geopolitical Rivalries
Competition between member states, such as India and
China, casts a shadow over the SCO's objectives of mutual
benefit and cooperation.
2 Western Influence
India's potential hesitation to attend the summit due to the
West's portrayal of the SCO as anti-Western, contrasting with
India's pro-Western stance.
3 Internal Contradictions
The presence of countries with conflicting interests, such as
Iran and India, threatens to undermine the SCO's
foundational purpose.
Outcomes of the 2024 SCO Summit in
Islamabad
Economic Cooperation Connectivity Poverty Alleviation
SCO member countries want to The plan is to improve railway SCO countries are working
work together for growth that transport, build new roads and together to reduce poverty and
benefits everyone. They aim to railways, and make the system improve people's living
focus on areas like green safer. This also includes standards.
development, digital economy, improving cooperation on ports
trade, and investment to unlock and logistics centers.
the region's potential.
Outcomes of the 2024 SCO Summit in
Islamabad (Continued)
Multilateral Trading International Energy, Economy, and
System Cooperation Climate Change
Member countries are against SCO aims to promote peace, There is a focus on solving issues
protectionist trade policies and harmony, and development related to energy and economy
support a trading system that is worldwide by working with the together. They also plan to fight
open and fair for everyone, UN and encouraging cooperation climate change by improving
following the principles of the between countries. transport connections and
WTO. resolving disputes peacefully.
SCO Economic Impact on Pakistan
Regional Diplomacy
The summit strengthened Pakistan's position as a key player in regional diplomacy and
showcased its commitment to multilateralism.
Economic Ties
The summit provided opportunities for Pakistan to deepen economic ties with SCO
members, particularly through initiatives promoting regional connectivity and trade
integration.
Investment Opportunities
The summit opened doors for increased investment in critical sectors such as energy,
infrastructure, and technology.
Transit Hub
Pakistan's strategic location, especially its involvement in CPEC, enhances its role as a
transit hub linking Central Asia, South Asia, and the Middle East.
Conclusion
The 2024 SCO Summit presented a crucial opportunity to strengthen economic ties and cooperation
among member states. While challenges remain due to geopolitical factors, Pakistan is committed to
advancing initiatives that promote regional trade, connectivity, and stability within the SCO framework.