What is incorrect regarding SAARC?

SAARC has become a successful and powerful organization.

SAARC had not been a successful organisation due to India Pak conflict owing to border disputes and terrorism issue.

More about SAARC:

The South Asian Association for Regional Cooperation (SAARC) is a major regional initiative by the South Asian states to evolve cooperation through multilateral means. It began in 1985. In 2007 Afghanistan joined SAARC. The member countries of SAARC include: Afghanistan, Bangladesh, Bhutan, India, Maldives, Nepal, Pakistan and Sri Lanka. Unfortunately, due to persisting political differences, SAARC has not had much success. SAARC members signed the South Asian Free Trade (SAFTA) agreement which promised the formation of a free trade zone for the whole of South Asia. The SAFTA Agreement was signed in 2004 and came into effect on 1 January 2006. SAFTA aims at lowering trade tariffs. The 18th SAARC Summit was held in Kathmandu, Nepal.