Nepalese media reported today the postponement of SAARC Summit which was scheduled to be hosted by Pakistan in November. The Kathmandu Post said the 19th SAARC Summit has been postponed after India yesterday announced its inability to take part in it in the prevailing circumstances. <br/><br/>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. <br/><br/>The summit is automatically postponed or cancelled even if one member country skips the event. <br/><br/>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.<br/><br/>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.<br/>