Rare meeting between Pakistan, Indian PMs in Russia

Modi believes India’s membership “will also promote peace and prosperity in this vast region that has often been called the pivot of human history”.

“In this document, we have defined the economic cooperation priorities and its a road-map for future cooperation”, Zhang said.

“A special thanks to President (Vladimir) Putin for being an exceptional host during the stay in Russian Federation”, he added in another tweet.

Modi also said all major countries should take decisions based on consensus, collaboration and cooperation and that global rules and norms should be upheld.

The time has now come for closer cooperation and coordination, according to Prime Minister Narendra Modi, who proposed a 10-point initiative at the ongoing BRICS summit at Ufa, Russia.

Modi said: “For the past few centuries, we have all looked away from the centre of this great landmass, towards the sea and other regions”.

“Membership could better position India to benefit from Central Asia’s gas riches”, said Michael Kugelman, an associate at the Wilson Center in Washington.

Those concerns weren’t unusual – other members of the South Asian Association for Regional Cooperation (Saarc) have long complained that bickering between their two biggest members has reduced the grouping to a talk-shop. “A pool of nominal currency reserves, with capital of $100 billion, will give us an opportunity to react to financial market fluctuations in a timely and appropriate manner”, Putin said.

Ufa (Russia), July 10 (IANS): Chinese President Xi Jinping on Friday appreciated Pakistan’s efforts in pushing forward the Afghan peace process. Along with India, Pakistan also started the accession to the group, which includes Russian Federation, China, Tajikistan, Kazakhstan, Kyrgzystan and Uzbekistan.

Referring to Brics New Development Bank, the prime minister said it should fund projects, which have cross-border collaboration among the five member countries.

Putin also announced that Belarus would obtain observer status in the SCO, joining Afghanistan, Iran and Mongolia.

National Security Adviser Ajit Doval and his Pakistani counterpart Sartaj Aziz will meet in New Delhi to discuss all issues connected to terrorism, said the joint statement.

“We will work with SCO to combat terrorism and extremism”.