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'Pak committed to fighting terrorism'

world Updated: Oct 24, 2008 23:56 IST
Reshma Patil
Reshma Patil
Hindustan Times
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On a day when world leaders discussed the international financial crisis in Beijing, countering terrorism topped the talks between the Prime Ministers of India and Pakistan.

Pakistan Prime Minister Yousuf Raza Gilani assured his Indian counterpart Manmohan Singh that Pakistan is ‘very seriously’ committed to working with India to control terrorism. Singh and Gilani reviewed the state of bilateral relations in a 20-minute meeting — their second since August — on the sidelines of the two-day seventh Asia-Europe Meeting that opened on Friday.

“He (Gilani) assured me that they are very seriously committed to working with us to control terror,”said Singh. Gilani said Pakistan condemned the ‘menace’ of terrorism in all its forms and manifestations.

“Terrorism is dangerous for both India and Pakistan…We have to solve this crisis.” The duo also expressed satisfaction over the recent resumption of trade on two routes in J&K, and discussed the possibilities of increased bilateral trade.

Meanwhile, world leaders received PM Manmohan Singh's prescription for the ailing economy on Day One of the 45-nation Asia-Europe Meeting in Beijing.

"Globalisation without global financial governance structure can lead to severe problems as has been seen in the recent turmoil," said Singh the economist. He blamed the international financial crisis on a regulatory and supervisory failure in developed nations, risk management failure in private financial institutions, and a failure in the market discipline mechanism.