Staff Reporter
ISLAMABAD: Sultan Ali Allana, Chairman of HBL and Director of the Aga Khan Fund for Economic Development (AKFED), has assumed the chairmanship of the Shanghai Cooperation Organisation Interbank Consortium (SCO-IBC) for 2026-27.
His appointment coincides with Pakistan taking over the SCO chairmanship, placing the country in a key position to advance regional financial cooperation and strengthen economic ties among member states.
Allana brings decades of leadership experience in Pakistan’s banking and financial sectors, with a record of contributions to financial inclusion, economic development and institutional innovation.
He has received several national honours, including the Nishan-e-Khidmat, Hilal-e-Imtiaz and Sitara-i-Imtiaz, in recognition of his services.
As SCO-IBC chairman, Allana will help steer initiatives aimed at strengthening regional trade, expanding investment opportunities and promoting cross-border development projects among member countries.
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