ISLAMABAD: Deputy prime minister and foreign minister, Ishaq Dar, will be leading the Pakistani delegation at a meeting of the Shanghai Cooperation Organization’s (SCO) Council of Foreign Ministers (CFM) in China today, Monday, the Pakistani foreign ministry said, with member states expected to discuss key regional and global issues at the forum.

The meeting comes amid simmering regional tensions, particularly between India and Pakistan, following New Delhi’s refusal to sign a recent SCO joint statement over its omission of a deadly April attack in Indian-administered Kashmir.

The SCO, a trans-regional bloc comprising China, Russia, Pakistan, India, Iran, and Central Asian states, is expected to deliberate on pressing regional and global security, connectivity, and economic issues.

Dar is attending the CFM meeting, being held in the northern Chinese city of Tianjin on July 14-16, at the invitation of Chinese Foreign Minister Wang Yi, according to the Pakistani foreign ministry.

“The deputy prime minister and foreign minister of Pakistan will also hold bilateral meetings with his counterparts on the sidelines of the CFM meeting,” it said in a statement on Sunday.

The CFM is the third highest forum in the SCO format that focuses on the issues of international relations as well as foreign and security policies of China-backed SCO.

Last month, Beijing’s bid for enhanced regional leadership suffered a setback when India rejected signing a joint statement put before defense ministers of the SCO, seen by some Western analysts as a regional grouping by China and Russia to counter United States influence in Asia, with New Delhi saying it was pro-Pakistan in not mentioning April’s attack on tourists in Indian-administered Kashmir.

India blamed Pakistan for backing the gunmen behind the April 22 killing of 26 people. Islamabad denies the charge.

Indian Defense Minister Rajnath Singh said the statement diluted India’s position on critical issues such as terrorism and regional security, The Associated Press reported, citing a person familiar with the matter who spoke on condition of anonymity. Singh alleged the joint statement “suited Pakistan’s narrative” because it did not include that attack but mentioned militant activities in Balochistan.

Pakistan has repeatedly accused India of backing separatists in its Balochistan province, allegations that India denies.

In May, India and Pakistan exchanged fighter jet, missile, drone and artillery strikes for four days over the Kashmir attack, killing around 70 people on both sides before agreeing to US-brokered ceasefire.

ISLAMABAD: Mahir Binici, the International Monetary Fund (IMF) country representative for Pakistan, has described Islamabad’s performance under a $7 billion IMF loan program as being “strong so far,” the Islamabad-based Sustainable Development Policy Institute (SDPI) think tank said on Sunday.

Binici said this in his guest lecture at the Institute, during which he shed light on the evolving economic landscape across the Middle East and North Africa (MENA) region and Pakistan.

Pakistan narrowly avoided a sovereign default in mid-2023 thanks to a shorter $3 billion IMF facility. In Sept. last year, Islamabad secured the 37-month, $7 billion program after meeting targets under the previous arrangement.

The IMF representative said Pakistan’s successful completion of the first review of its loan program, secured last year, by the IMF executive board in May 2025 was a “key milestone.”

“Early policy measures have helped restore macroeconomic stability and rebuild investor confidence, despite persistent external challenges,” Binici was quoted as saying in an SDPI statement.

He, however, cautioned that “elevated trade tensions, geopolitical fragmentation, and weakening global cooperation continue to generate exceptional uncertainty and weigh on the global economic outlook,” underlining the urgent need for prudent and forward-looking policy actions.

“Growth across the Middle East, North Africa (MENA) region, and Pakistan is expected to strengthen in 2025 and beyond,” Binici said.

The IMF representative reaffirmed the global lender’s continued support for Pakistan’s economic and climate reforms agenda.

“Structural reforms remain central to Pakistan’s long-term economic sustainability, particularly reforms that strengthen tax equity, improve the business climate, and encourage private-sector-led investment,” he said.

Binici’s comments came a day after Prime Minister Shehbaz Sharif defended his government’s structural reform agenda, particularly in tax administration, saying that difficult and often unpopular decisions were necessary to rebuild national institutions as the country could no longer afford “business as usual.”

Speaking at a session of the Uraan Pakistan youth development program, he said his administration took on the “onerous task” of stabilizing the economy under immense pressure, choosing to pursue long-delayed reforms rather than temporary fixes.

“Pakistan had to undertake these long-overdue, deep structural changes, if we had to find our lost place in the comity of nations through hard and untiring efforts,” he said.

Sharif noted the transition from paper-based tax systems to digital and AI-led processes was already bearing fruit and his administration had prioritized accountability and removing senior revenue officials accused of corruption, resisting political pressure in doing so.

“It’s a long and thorny journey,” he said, assuring merit would remain the cornerstone of his governance model. “We are facing bumps on the way and mountain-like impediments. But I can assure you, we will not shy away from discharging our responsibility.”