SAARC nations decide to institute award

The award will honour and encourage outstanding individuals and organisations within the region in fields of peace, development and poverty alleviation.

The South Asian countries on Tuesday decided to institute a SAARC Award to honour and encourage outstanding individuals and organisations within the region in various spheres, including peace and poverty alleviation.

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The 'Islamabad Declaration' adopted by the seven-member grouping said the award would be presented during summits in future.

The award will honour and encourage outstanding individuals and organisations within the region in fields of peace, development, poverty alleviation and in other areas of regional cooperation, it said.

The award will be instituted on the basis of a concept paper drawn up by the Nepal Government.