TRIPOLI (Agencies) - Pakistan and Libya on Friday expressed their resolve to further strengthen their multifaceted ties and agreed on adopting practical measures for boosting economic cooperation between the two countries. President Asif Zardari, who is on his first official visit to Libya expressed these views with Libyan leader Moammar Qaddafi, during a meeting, sources said. The sources said that the two leaders reviewed the Pak-Libya relationship and agreed on continuing mutual cooperation in diverse fields besides exploring avenues for increased two-way trade, collaboration to explore energy resources and exchange of skilled manpower for the benefit of their people. Zardari told Qaddafi that there was vast scope for investment between the two countries in several areas including infrastructure development, railways, housing, oil and gas besides export of skilled and unskilled manpower in information technology, engineering, telecom and medicine. The Libyan leader said the two countries can launch an ambitious and gigantic programme of economic cooperation to bring the two countries further close. President Zardari also briefed the Libyan leader about Pakistans efforts to curb terrorism and extremism and the role it was playing in maintaining peace and harmony in the region. The two leaders also talked about the security situation in the region, Afghanistan, Iraq and the Palestine issue. The President said Pakistan offered a great potential of investment in diverse sectors and called upon the Libyan government to enhance the level of trade. On the other hand, Qaddafi said his government would ensure close cooperation with Pakistan in all sectors. He also expressed concern over the challenges being faced by the Muslim Ummah, and stressed for an enhanced role by Organisation of Islamic Conference in this regard. The Libyan leader said that the two countries can launch an ambitious and gigantic programme of economic cooperation to bring the two countries further close. He also sought assistance from Pakistan on sharing expertise for improvement of banking sector and training facilities for students, teachers and experts in different areas. Zardari was accompanied by a delegation including Ministers Qamar Zaman Kaira, Ch Ahmed Mukhtar, Syed Hamid Saeed Kazmi, Syed Khursheed Ahmed Shah, Sardar Abdul Qayyum Khan Jatoi, PM Adviser on Petroleum Dr Asim Hussain and Adviser on Finance Shaukat Tarin, the sources added. Later, after the meeting, Qaddafi in the honour of President Zardari hosted a reception in his palace. The reception was participated by Senior Minister of Libya and senior Army officials. Meanwhile, Zardari invited the Libyan government to invest in Pakistans multiple sectors and benefit from the economic potential of the South Asian country. In a meeting with Libyan Prime Minister Dr Al Baghdadi Ali al Mehmudi at PM Office, Zardari said Libya being an African country with seaports, could better exploit the opportunities that Pakistan was offering in Asian region in the fields of trade and investment. President Zardari said Pakistan and Libya could benefit from each others potential through joint ventures in the areas of economy, defence production, labour and manpower, education and information technology. He said Pakistan government would set up special economic zones for foreign investors and create for them a more investor-friendly environment to help their business flourish, which would ultimately prove beneficial for the locals. Prime Minister Baghdadi, who is titled in Libya as General Secretary of General Peoples Committee, expressed the Libyan governments willingness to continue mutual cooperation with Pakistan in exploring avenues for two-way trade, energy resources and exchange of skilled manpower. Meanwhile, President Zardari visited the Al-Hani Monument, built in remembrance of the martyrs of Resistance Movement and paid his respects to the unknown soldiers. The President laid a floral wreath at the Al-Hani Monument at a strategic location in Eastern Tripoli, where a large number of Libyan Mujahideen fought the Italian invaders in 1911. He also visited the grave of Mohammad Abu Miniar Al Qaddafi, father of the leader of Revolution Col Moammer Qaddafi, laid a wreath and offered Fateha. The President later went to the graves of the martyrs of 1986 bombardment by US, at Qaddafis home. He remained silent for a minute in respect and laid wreath.