SAARC News

Pakistan on Monday said India should strive to achieve higher growth rates as its economic rise will help the entire SAARC region.

Enthused over the allocation of Rs 1,300 crore in the Union Budget, Export-Import Bank of India is now planning to raise an additional Rs 13,000 crore in the next fiscal, a top official said today.

Aiming to transform the region into a vibrant economic zone, SAARC Thursday resolved to set up a South Asian Economic Union on the lines of European Union by facilitating a common market and removing trade barriers.

On the eve of his visit to India, Prime Minister Tony Abbott on Wednesday said he plans to sign a nuclear cooperation agreement that would allow Australia to sell uranium to India, which is expecting a "significant outcome" from his visit.

Prime Minister Narendra Modi on Friday gave a clarion call to all neighbouring and SAARC countries to work "shoulder-to-shoulder" to remove poverty from the region, leaving behind the world of death and killings.