At the outset, let me share with you that since the 10th SAARC summit in 1998, the SAARCFINANCE Group has been a key gateway that has allowed regulators to gather at the forum and share their experiences about the efficacy of the existing policy framework, identify the emerging challenges, and brainstorm ideas to tackle these challenges.
Over the years, the SAARCFINANCE Group has taken a number of constructive initiatives to achieve the objective of regional economic cooperation and trade facilitation. Since the year 2002, State Bank of Pakistan has been organizing seminars under the umbrella of SAARCFINANCE; these events have covered topics as diverse as monetary policy, SME financing, BASEL-II, consumer protection, risk management and internal audit.