SAARC economic union

Kathmandu, Aug 20: The fince ministers of SAARC tions on Thursday decided to create an economic union for economic integration in the region. A decision to this effect was taken at the 7th Meeting of the SAARC Fince Ministers that concluded here on Thursday. On currency swap arrangements and trading in local currencies of the member states, the meeting recommended that the upcoming 8th meeting of the Inter-Governmental Expert Group on Fincial Issues may examine the proposal and make its recommendations. IANS