Chief of the Army Staff (COAS), Gen. Ashfaq Parvez Kayani has said that Pakistan stands committed to global and regional peace and wishes to live in peace and harmony with all its neighbours. He was speaking as the chief guest at the 91st Mid-Shipmen Commissioning Parade here at the Pakistan Naval Academy (PNA) on Friday. The COAS said that Pakistan will not enter into any arms race but will maintain balance through a strategy of minimum credible deterrence. Strong armed forces of Pakistan are guarantor of peace and stability, he added. Gen. Kayani pointed out that today Pakistan is confronted with multifaceted challenges. It is complex in its nature. Its spectrum is both diverse and intense, he said.