AIRLINK 60.70 Increased By ▲ 1.00 (1.68%)
BOP 6.31 Increased By ▲ 0.05 (0.8%)
CNERGY 4.29 Increased By ▲ 0.02 (0.47%)
DFML 15.85 Increased By ▲ 0.15 (0.96%)
DGKC 69.10 Decreased By ▼ -0.10 (-0.14%)
FCCL 18.20 Decreased By ▼ -0.15 (-0.82%)
FFBL 26.89 Increased By ▲ 0.14 (0.52%)
FFL 9.10 Decreased By ▼ -0.18 (-1.94%)
GGL 10.15 Decreased By ▼ -0.15 (-1.46%)
HBL 116.70 Increased By ▲ 0.80 (0.69%)
HUBC 114.69 Increased By ▲ 0.29 (0.25%)
HUMNL 6.69 Decreased By ▼ -0.11 (-1.62%)
KEL 4.90 Increased By ▲ 0.01 (0.2%)
KOSM 4.78 Increased By ▲ 0.13 (2.8%)
MLCF 38.38 Decreased By ▼ -0.01 (-0.03%)
OGDC 124.47 Decreased By ▼ -0.83 (-0.66%)
PAEL 21.84 Increased By ▲ 0.28 (1.3%)
PIAA 10.91 Increased By ▲ 0.04 (0.37%)
PIBTL 5.85 Decreased By ▼ -0.17 (-2.82%)
PPL 113.20 Decreased By ▼ -0.90 (-0.79%)
PRL 28.25 Increased By ▲ 0.35 (1.25%)
PTC 10.89 Decreased By ▼ -0.01 (-0.09%)
SEARL 50.65 Decreased By ▼ -1.05 (-2.03%)
SNGP 67.45 Decreased By ▼ -0.81 (-1.19%)
SSGC 11.27 Decreased By ▼ -0.15 (-1.31%)
TELE 7.73 Decreased By ▼ -0.07 (-0.9%)
TPLP 11.45 Decreased By ▼ -0.15 (-1.29%)
TRG 73.08 Increased By ▲ 0.21 (0.29%)
UNITY 23.30 Decreased By ▼ -0.25 (-1.06%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,691 Increased By 42.6 (0.64%)
BR30 22,542 Decreased By -27.5 (-0.12%)
KSE100 65,053 Increased By 474.5 (0.73%)
KSE30 22,077 Increased By 187.5 (0.86%)

TEHRAN: Iran intends to pursue membership of a Chinese and Russian-led bloc that is meeting in Uzbekistan this week, President Ebrahim Raisi said Wednesday as he prepared to head to the summit.

The Shanghai Cooperation Organisation (SCO) — made up of China, Russia, India, Pakistan and four ex-Soviet Central Asian countries — was set up in 2001 as a political, economic and security organisation to rival Western institutions.

The summit set for Thursday and Friday in the Uzbek city of Samarkand is the first entirely face-to-face leaders’ meeting since the start of the coronavirus pandemic.

“One of the important acts of this summit will be the finalisation of SCO (membership) documents and the legal process they will need to take in order to be signed by the foreign ministers of the member countries,” Raisi said.

Iran, one of four SCO observer states, had applied for full membership in 2008 but its bid was slowed by UN and US sanctions imposed over its nuclear programme.

Several SCO members did not want a country under international sanctions in their ranks.

At a conference in Dushanbe in September last year, members of the bloc endorsed Iran’s future membership.

Tehran wants to “make the most of the economic power and the capacities of the region and of Asian countries for the benefit of the Iranian nation”, Raisi said.

The Kremlin said Tuesday that this week’s summit in Samarkand will showcase an “alternative” to the West.

The move comes as Iran and major powers have been struggling to revive a 2015 nuclear deal.

The original agreement promised Iran relief from crippling sanctions in return for tight limits to its nuclear activities verified by UN monitors.

Since last year, Iran has been engaged in EU-brokered talks to revive the deal with the renewed involvement of the United States, which pulled out in 2018.

Comments

Comments are closed.