ISLAMABAD: Prime Minister Imran Khan has urged the member states of Shanghai Cooperation Organization (SCO) to finalise arrangements for trade in local currencies and set up SCO Fund and SCO Development Bank to catalyse the trans-regional development agenda.

He was presenting his eight-pronged course of action for SCO in the light chaotic international politics at the 19th meeting of SCO Council of Heads of State in Bishkek, Kyrgyzstan on Friday.

The prime minister said the SCO should reinforce its vision of cooperation, that rejects confrontation, and advance the imperatives of peaceful co-existence at the regional and international levels.

He said the SCO member states should galvanise the “Shanghai Spirit” to strengthen the organisation’s core mandate of mitigating the risks of conflict, fostering confidence, and promoting stability.