The next SAARC Summit, which was scheduled to be hosted by Pakistan in November, has been postponed after India pulled out of the event "in the prevailing circumstances", Nepalese media reported today.
"The 19th SAARC Summit has been postponed after India yesterday announced its inability to take part in it "in the prevailing circumstances"," the Kathmandu Post reported.
Reports emanating from Nepalese media are significant as Nepal is the Chair of the eight-member grouping.
India has already communicated its decision to Nepal. The summit is automatically postponed or cancelled even if one member country skips the event.
Tensions between India and Pakistan are growing after militants stormed an Indian Army base in Uri on September 18, killing 18 soldiers.
Besides India, three other SAARC members - Bangladesh, Bhutan and Afghanistan - have pulled out of the summit, indirectly blaming Pakistan for "creating an environment which is not right for the successful holding" of the meet.
Founded in 1985, South Asian Association for Regional Cooperation (SAARC) currently has Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan, and Sri Lanka as its members.