ISLAMABAD - Terrorists would be the only beneficiaries of war between India and Pakistan, said experts in a seminar held here on Wednesday. The seminar, "Peace in Peril" was organised by Center for Research and Security Studies (CRSS), where extensive discussions were held on the tense situation between the two neighbouring countries. Dr Farrukh Saleem, Executive Director CRSS, in his introductory remarks, said that Pakistan and India were born in violence but there was no reason that the violence should continue forever. He said that Pakistan and India entered into wars for four times and once again peace in the sub-continent was in peril. He said that war could benefit no one except destroying peace in the region. He said that the quantum of poverty in both the countries strongly advocated peace in the region so that an environment conducive for economic activities for elimination of poverty could be achieved. Should India and Pakistan fight one another or the poverty, he questioned. He said that 40 percent of the world's poor lived in South Asia, while an overwhelming majority of both the countries lived under poverty line. He said that both the countries spent more than 24 billion dollars on purchasing war machines aimed to kill one another. Lt Gen (Retd) Talat Masood said, "India is trying to mimic the United States and at times Israel." He added that the Zardari-led civil government of Pakistan has made some good gestures and that if there were a war then the only true beneficiaries would be the terrorists. He further said that the current tensions between both the countries are due to slow pace of indo-Pak peace relations from last two years. The war would destroy the economies of both the countries and not only the flight of capital would occur but also the foreign investors would too hesitate to come in the sub-continent, he added. He slammed the government's defensive approach after the Mumbai incident as they immediately decided to send DG ISI to India for investigation. But due to the military pressure, government took back the decision, he said. Nirupama Subramaniam, a correspondent of 'The Hindu' a leading Indian newspaper, in Islamabad said that she had a good as well as bad news. The good news was that the worst, as far as military escalation is concerned, is over. The bad news was that 26/11 had changed a lot. She said, "India now considers Pakistan as the big-bad wolf," adding "democracy in Pakistan and the Indo-Pak relation are the two sides of the same coin." She said the main problem for India is as to how it can avoid Mumbai like incidents in future and for this, she added, Pakistan would have to root out terrorism. Waqar Sheikh, a representative of business community, highlighted the deteriorating trade relations between India and Pakistan as a direct consequence of the Mumbai tragedy. He said that bilateral trade between India and Pakistan had actually surged from $800 million to $2 billion over the past few years. The figures, however, represented only the official trade and that unofficial trade through third countries like UAE and Singapore now amounts to $4 billion. The bilateral trade is increasing form the last years and it would reach around to $ 12 billion in 2012 but unfortunately the political tension always become hurdle in the trade of two countries.