Pakistan Foreign Minister Shah Mehmood Qureshi on Saturday welcomed Prime Minister Manmohan Singh's statement favouring dialogue between the two countries and said it matched Islamabad's point of view.
Singh's statement, made earlier this week in the Indian parliament, was a "positive development", Qureshi said. "It matches Pakistan's point of view and our federal cabinet issued a statement in support of this gesture," he told reporters in his hometown of Multan.
Intervening in a parliamentary debate on the Indo-Pak joint statement issued in Sharm-el-Sheikh, Singh said on Wednesday it was "in our vital interest to make sincere efforts to live in peace with Pakistan" and emphasised that India wanted good relations with the neighbouring country.
Responding to questions about India's acquisition of sophisticated weapon systems, Qureshi said Pakistan does not want to indulge in an arms race in the region but is "fully alive" to its defence needs.
Pakistan has confidence in its defence capabilities and nuclear balance exists in the region, he said.
Qureshi said he would meet his Indian counterpart on the sidelines of the UN General Assembly session in New York in September.