Pakistan takes over SCO Interbank Consortium chairmanship for 2026-27

Pakistan has taken over the Shanghai Cooperation Organisation Interbank Consortium’s chairmanship for 2026-27, with HBL Chairman Sultan Ali Allana appointed to lead the body. The Ministry of Finance announced the development on Monday and said Pakistan would work to strengthen financial ties among SCO members.

The ministry listed cross-border trade and investment, greater financial cooperation and regional economic integration as priorities for the term. The consortium supports financial collaboration among member states and explores funding options for large cross-border projects. HBL joined as a partner bank in 2014 and became a full member in 2018; its nomination for the chairmanship was made at the council’s meeting in Bishkek on July 2, 2026.