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Aadil Nakhoda | Oct 31, 2016

The South Asian Association for Regional Cooperation (SAARC) consists of eight South Asian nations, namely Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Founded in 1985, the major goal of SAARC has been to promote economic and regional integration of the member states. However, political tensions between two of the largest members, Pakistan and India, have plagued SAARC ever since its inception. Recent events on the Pakistan-India border have forced the cancellation of the 19th SAARC Summit scheduled to be held in Islamabad in November. With recently imposed restrictions on cross-border exchange of artists, exhibition of movies and participation in cultural activities, other economic activities such as import and export of goods between the two countries risk being curtailed as well. Political tensions and uncertainties have economic consequences.

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