Pakistan on Friday extended a fresh invitation to Prime Minister Manmohan Singh to visit the country, saying the political environment in both the countries is "right" to make the peace process "result-oriented".
"We are looking forward to his visit to Islamabad," visiting Pakistan Foreign Minister Shah Mahmood Qureshi said at a joint press conference with External Affairs Minister Pranab Mukherjee in New Delhi after wide-ranging talks.
Mukherjee spoke about the threat posed by terrorism and said both the countries have to be "unambiguous" in fighting the menace.
"Terrorism is a threat to the stability of our respective democratic frameworks. Whatever be our political differences, we have to be unambiguous in addressing terrorist threats," Mukherjee said.
Qureshi said there is a "virtual consensus" on the peace process and that "we should not miss on this opportunity".
The political environment to make the peace process result-oriented is "right" on both sides, he said.
"Governments have to show political will and they have to give leadership" to resolve these issues, he said adding political parties in both countries were supportive of the peace process.
Singh has agreed in principle to visit Pakistan but wants the trip to be substantive and not symbolic.
The fifth round of Composite Dialogue will be held in New Delhi on July 21 and 22 where Jammu and Kashmir issue, peace and security and confidence building measures will be discussed, Mukherjee said.
Qureshi said it was in the "mutual interest" of India and Pakistan to maintain ceasefire.
He said "serious thoughts" should be given to "outstanding" issues that need our consideration.
On India-Pakistan-Iran pipeline, the Pakistani Foreign Minister said it will be "a pipeline of peace and new bondage. The pipeline is to mutually benefit both India and Pakistan."