External affairs ministry spokesman Vikas Swarup said the Indian foreign secretary spoke to his Pakistani counterpart and agreed to reschedule the Friday meeting.
They "mutually agreed to reschedule the talks to a date in the very near future", the spokesman said.
Pakistan had made a similar announcement just hours earlier.
Neither side said why the talks were postponed but it appeared to be linked to a crackdown New Delhi desires on Pakistani terrorists accused of plotting the January 2 attack on the IAF base in Pathankot.
Later, answering questions, the Indian spokesman said the fact the two countries had agreed to reschedule the talks "is a very positive indication".
He also said that the National Security Advisers of the two countries were in regular touch.