The summit also discussed the pressing problem of energy security and agreed on the urgent need for developing regional hydro-power potential, grid connectivity and gas pipelines.
The leaders favoured exploration of possibility of evolving an appropriate regional inter-governmental framework to facilitate such an endeavour.
With regard to the "onslaught" of climate change, the leaders stressed the need for intensification of cooperation within an expanded regional environmental protection framework to address the problem.
Asserting that every citizen of the planet must have equal share of atmospheric space, the SAARC endorsed the convergence of per capita emissions of developing and developed countries on an equitable basis for tackling climate change.
The SAARC leaders were of the view that any effort at addressing climate change should take into account historical responsibility, per capita emissions and respective country capabilities.
Image: Prime Minister Manmohon Singh shakes hands with Nepalese Prime Minister Girija Prasad Koirala, as Bhutan's Prime Minister Lyonchen Jigmi Y Thinley awaits his turn after the conclusion of the 15th SAARC Summit in Colombo on Sunday.
Also see: The other side of the SAARC summit