China says upcoming SCO summit will provide stability, counter ‘hegemonism’

This handout photo shows the Shanghai Cooperation Organization Foreign Ministers meeting in Tianjin, China on July 15, 2025. (Handout/SCO/File)
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Updated 22 August 2025
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China says upcoming SCO summit will provide stability, counter ‘hegemonism’

  • China has long sought to present the Shanghai Cooperation Organization as a counterweight to Western-led power blocs
  • Over 20 leaders including India, Pakistan PMs as well as Russia’s president will attend the summit from Aug. 31 till Sept. 1

BEIJING: China slammed “hegemonism and power politics” on Friday as it touted an upcoming summit it is hosting for more than 20 world leaders as promoting stability and peace.

The Shanghai Cooperation Organization summit will be held in the northern city of Tianjin from August 31 to September 1, days before a huge military parade in the nearby capital Beijing to mark 80 years since the end of World War II.

China has long sought to present the SCO as a counterweight to Western-led power blocs and has pushed for greater collaboration between its 10 members.

More than 20 foreign leaders including Indian Prime Minister Narendra Modi and Russian President Vladimir Putin will attend the regional security bloc’s largest meeting since it was founded, China’s Assistant Foreign Minister Liu Bin said Friday.

Top politicians from member states or guest countries such as Belarus, Iran, Kazakhstan, Pakistan, Turkiye and Vietnam are also among those taking part.

Chinese President Xi Jinping will deliver keynote speeches at the event — also attended by heads of international organizations such as UN Secretary-General Antonio Guterres.

Through the summit, China hopes “to stimulate momentum for cooperation...(and) with the stability and resilience of the SCO, respond to the uncertain and unpredictable factors in the international environment,” Liu told reporters at a briefing.

“In today’s world, outdated mindsets of hegemonism and power politics still have influence, with certain countries attempting to prioritize their own interests above others, seriously threatening world peace and stability,” he added in a veiled reference to the United States.

“The more complex and turbulent the international situation becomes, the more countries need to strengthen solidarity and cooperation to promote common development.”

Xi said in July that the SCO “has successfully explored a path of regional cooperation that aligns with the trends of the times and meets the needs of all parties, setting a model for a new type of international relations.”


World Bank president in Pakistan to discuss development projects, policy issues

Updated 01 February 2026
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World Bank president in Pakistan to discuss development projects, policy issues

  • Pakistan, World Bank are currently gearing up to implement a 10-year partnership framework to grant $20 billion loans to the cash-strapped nation
  • World Bank President Ajay Banga will hold meetings with Pakistan Prime Minister Shehbaz Sharif and other senior officials during the high-level visit

ISLAMABAD: World Bank President Ajay Banga has arrived in Pakistan to hold talks with senior government officials on development projects and key policy issues, Pakistani state media reported on Sunday, as Islamabad seeks multilateral support to stabilize economy and accelerate growth.

The visit comes at a time when Pakistan and the World Bank are gearing up to implement a 10-year Country Partnership Framework (CPF) to grant $20 billion in loans to the cash-strapped nation.

The World Bank’s lending for Pakistan, due to start this year, will focus on education quality, child stunting, climate resilience, energy efficiency, inclusive development and private investment.

"World Bank President Ajay Banga arrives in Pakistan for a high-level visit," the state-run Pakistan TV Digital reported on Sunday. "During his stay, he will meet Prime Minister Shehbaz Sharif and other senior officials to discuss economic reforms, development projects, and key policy issues."

Pakistan, which nearly defaulted on its foreign debt obligations in 2023, is currently making efforts to stabilize its economy under a $7 billion International Monetary Fund (IMF) program.

Besides efforts to boost trade and foreign investment, Islamabad has been seeking support from multilateral financial institutions to ensure economic recovery.

“This partnership fosters a unified and focused vision for your county around six outcomes with clear, tangible and ambitious 10-year targets,” Martin Raiser, the World Bank vice president for South Asia, had said at the launch of the CPF in Jan. last year.

“We hope that the CPF will serve as an anchor for this engagement to keep us on the right track. Partnerships will equally be critical. More resources will be needed to have the impact at the scale that we wish to achieve and this will require close collaboration with all the development partners.”

In Dec., the World Bank said it had approved $700 million in ​financing for Pakistan under a multi-year initiative aimed at supporting the country's macroeconomic stability and service delivery.

It ‍followed a $47.9 ‍million World Bank grant ‍in August last year to improve primary education in Pakistan's most populous Punjab province.