Two-day SAARC ministers moot begins in Islamabad

ISLAMABAD (News Desk) - The two-day South Asian Association for Regional Cooperation (SAARC) Finance Ministers’ Conference has begun in Islamabad.

On the first day, Finance Secretaries of the member states are discussing the current status of economic and financial cooperation in the region.

They are having an overall economic outlook of SAARC economies and global impact on SAARC region.

The Finance Secretaries would finalize recommendations for Finance Ministers' meeting to be held on Friday.

During two-day deliberations, the member states will review different activities being carried out in the region under SAARC mechanism, including customs cooperation, avoidance of double taxation, promotion and protection of investment, cooperation in the banking sector, and trade liberalization.

The conference will also recommend measures to enhance regional cooperation in order to move fast towards South Asian Economic Union.