SAsian lead­ers ink en­ergy deal at eleventh-hour

The Financial Daily - - FRONT PAGE -

SAARC Sum­mit ends with adop­tion of 36-point Dec­la­ra­tion

KATH­MANDU: South Asian heads of state at­tend­ing their first sum­mit in three years reached a deal on en­ergy shar­ing Thurs­day, but failed on two other eco­nomic agree­ments dur­ing a re­treat where Prime Min­is­ter Nawaz Sharif and his In­dian coun­ter­part Naren­dra Modi shook hands.

On the last day of the two-day sum­mit, the lead­ers flew to a moun­tain re­sort near Nepal's cap­i­tal and agreed on elec­tric­ity shar­ing among the eight na­tions through a com­mon grid.

Dur­ing the re­treat, Nawaz and Modi shook hands and talked in a group, but did not have one-on-one di­a­logue, ac­cord­ing to Nepalese of­fi­cials.

In­dian of­fi­cials have al­ready said ex­chang­ing cour­te­sies among the lead­ers did not mean talks be­tween the two South Asian ri­vals.

"If they in­ter­act, ex­change cour­te­sies and ex­change a few

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