PR No. 227 Islamabad

Finance Division, Government of Pakistan is hosting 8th meeting of SAARC Finance Ministers’ at Islamabad on August 26, 2016. The meeting will be preceded by the 8th meeting of SAARC Finance Secretaries on August 25, 2016. Pakistan has invited all SAARC member states including Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal and Sri Lanka. The Prime Minister of Pakistan has very kindly consented to grace the inaugural session of the Ministerial meeting of August 26, 2016. All the member states have confirmed the participation in the meeting. Pakistan will provide local hospitality to all the delegates of the member states.

The meeting will review the updated implementation status of different activities being carried out in the region under SAARC mechanism including custom cooperation, avoidance of double taxation, promotion and protection of investment, cooperation in the banking sector, and trade liberalization, etc. and will recommend measures to enhance regional cooperation in order to move fast towards South Asian Economic Union. The outcome of these meetings will complement the agenda of the upcoming 9thSAARC Summit to be hosted by Pakistan in Islamabad on November 9-10, 2016.