Page 4 - Environmental News letter
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April,2020 www.geolinks.com
PM establishes virus Pakistan, China and Russia
relief fund decide to conduct trade in local
currencies skip dollars
Prime Minister Imran Khan on
Monday announced the creation of a
relief fund where people could
donate money without declaring
their source of income, and the
formation of ‘Tiger Force’ to provide A road map will be finalized and signed at
food to the downtrodden people if a SCO's Finance Ministers' meeting in
total lockdown was imposed in the Moscow on March 18th.
country. Representatives from the finance ministries
and central banks of China, India, Russia,
In a televised address to the nation, Pakistan, Kyrgyzstan, Russia, Tajikistan
the prime minister assured the and Uzbekistan will attend the SCO
nation that with “faith, youth and conference in Moscow.
wisdom” Pakistan could defeat
coronavirus. He warned that those, The eight-member countries of the Shanghai Cooperation
Organization (SCO), including China, Russia, and
who did not adopt social distancing Pakistan, have made the principle decision to conduct
could jeopardise the lives of others. bilateral trade and investment and issue bonds in local
and national currencies instead of US dollars.
“Today I am announcing the As per details, a road map will be finalized and signed at
Coronavirus Relief Fund,” Imran SCO's Finance Ministers' meeting in Moscow on March
said in his address. “No questions 18th.
will be asked from anyone who Russia, as chairman of the Shanghai Cooperation
deposits money in the account that Organization, has called for suggestions from all member
will be opened from April 1 at the states for trade and investment in local currencies. After
National Bank of Pakistan,” he a detailed review of these proposals in Moscow's meeting,
added. Issue:03 a system of mutual settlement of national currencies will
be introduced for the member countries of the SCO.
Issue:04