ISLAMABAD - Prime Minister Syed Yousuf Raza Gilani has said that Pakistan will reinvigorate its existing cordial multifaceted relations with Australia through enhanced trade, investment, social sector and capacity building cooperation between the two countries. The Prime Minister said this while talking to Australian Foreign Minister Stephen Smith who called on him at the PM House Tuesday. Gilani thanked Smith for Australian offer of assistance in training Pakistani personnel in countering terrorism and for increased development assistance in education, health, agriculture and vocational training sectors and urged the Australian government to consider granting Pakistan its Generalised Preferential System (GPS) facility. He said that the GPS facility would not only help in bridging the widening trade gap between the two countries, but would also enable Pakistan to generate new employment opportunities, a necessarily in its strategy to eliminate extremism and terrorism from the country. The PM expressed his satisfaction over the growing coordination between the two governments in the fields of counter-terrorism and defence, and hoped that both sides would take concerted efforts to expand the similar cooperation in areas of livestock, dairy industry, irrigation and restoration of salinity affected agricultural land. The Australian minister while conveying his gratitude for the warm welcome accorded to him during his visit - the first by an Australian Foreign Minister since 1998 - said that though both countries had long-standing friendly ties, a lot more could be done to improve them by paying particular attention to the cooperation in trade, economic, human development and social sector fields. He underlined his country's strong support for democracy in Pakistan and stated that Australia had played its role and welcomed Pakistan in the Commonwealth's fold after installation of the democratic government in Islamabad. He assured the Prime Minister that Australia would stand shoulder to shoulder with Pakistan and would help it in any way possible to eradicate the menace of terrorism. He lauded Pakistan's sincerity and its matured and restrained reaction to the situation which developed in the aftermath of Mumbai incident and hoped that after Pakistan's response to the Indian dossier, both sides would revert back to the dialogue process in the larger interest of peace and stability in the region. The Australian Foreign Minister announced that his government would substantially increase its development assistance for Pakistan particularly in the areas of education, mother and child care programmes, agriculture and humanitarian fields. He agreed with the Prime Minister on the need for more high-level exchanges and increased people to people contacts between the two countries. He noted that around 5,000 Pakistani students were presently studying in Australian educational institutions and his own constituency had the third largest concentration of Pakistanis in Australia.