NEW DELHI- Pakistan High Commissioner to India Abdul Basit has said that Pakistan and India need to work together to promote regional peace, development, progress and prosperity besides uplifting living standard of the people of the two countries. Speaking at 'Meet the Press' at the Press Club of India, New Delhi on Friday, Abdul Basit said that meeting of the prime ministers of the two countries was a good beginning and it is now important to build on that and do not allow this rare opportunity to go waste. He said Prime Minister Nawaz sharif's vision of peace for development and development for peace provides the best way forward. That encompasses bilateral, regional and international dimensions, he added. Talking on the disputed issues between the two countries, the Pakistani High Commissioner said all our bilateral problems more or less stem from the Jammu and Kashmir dispute. It was therefore necessary to resolve this issue and take irreversible steps towards peace and stability. He showed confidence in Pakistan’s economy saying that given its geo-strategic location Pakistan is destined to become a regional economic hub. The economy is showing signs of recovery as also borne out by the up-gradation of Moody's rating of Pakistan from “negative” to “stable”. The High Commissioner also announced Pakistan food and Sufi music festival to be organized in collaboration of the High Commission for Pakistan and the Press club of India in New Delhi later this year. Earlier, Mr. Anand K Sahay, President of Press Club of India welcomed the High Commissioner and later Mr. Nadeem Kazmi, Secretary General of Press Club of India presented a vote of thanks to him.