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Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Other Historical Dates and Events
9/25/1997	India clinches the Red & White Latif Masters International Snooker title in Karachi.
9/8/1990	Mother Teresa re-elected head of Missionaries of Charity.
3/6/1962	Ambika Chakrovorty, great revolutionary and warrior, passed away.
9/10/1992	All movable and immovable properties of big bull Harshad Mehta, and others involved in the Security scam, attached.
4/6/1998	The Sonia Gandhi era begins in the Congress(I) with a special AICC session ratifying the decision of the CWC appointing her president in place of Sitaram Kesri.
11/23/1999	Vinod Chandra Pandey takes over as the Governor of Bihar.
6/23/1993	RBI cuts minimum lending rate by 1%.
4/25/1993	Indian Airlines plane hijacker shot dead by commandoes. All 141 persons rescued.
1/10/1693	Job Charnock, founder of Calcutta, died in the same city and he was laid to rest.
7/1/1996	RBI reduces cash reserve ratio to 12\%.

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Historical Event on 5/1/1995 SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.

Historical Event on 5/1/1995
SAARC endorses South Asia Free Trade Area (SAFTA) and establishes a South Asian Development Fund (SADF) for the economic and technical development of the subcontinent.