Answer Wiki. The South Asian Association for Regional Cooperation (SAARC) is the regional intergovernmental Organizations and geopolitical union of nations in South Asia. Its member states include Afghanistan, Bangladesh, Bhutan, India, Nepal, the Maldives, Pakistan and Sri Lanka. SAARC comprises 3% of the world's area, 21% of the world's population and 9.12% of the global economy, as of 2015. SAARC was founded in Dhaka on 8th December,1985. Its secretariat is based in Kathmandu, Nepal.