KUALA LUMPUR - Prime Minister Syed Yousuf Raza Gilani on Tuesday reaffirmed Pakistan's commitment to fight against terrorism saying the cowardly acts of terror couldn't dampen Islamabad's firm resolve to eradicate the menace. The Prime Minister said this while addressing the 6th D-8 Summit which was opened by Malaysian Prime Minister Abdullah Ahmad Badawi here. The D-8 comprises Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey. The theme of the meeting was 'Meeting Challenges Through Innovative Cooperation'. Among the other leaders who attended the summit included Indonesian President Dr Susilo Bambang Yudhoyono, Iran's President Mahmoud Ahmadinejad, Bangladeshi's Chief Advisor to the Government Fakhruddin Ahmed and Secretary General of D-8 Dr Dipo Alam. Indonesian President Dr Susilo Bambang handed over the group's presidency to the host Malaysia for a period of two years at the opening session. Talking about the menace of terrorism and extremism facing the world, Gilani, in his address, said Pakistan had suffered the most due to terrorism adding, "Our great leader former prime minister Benazir Bhutto was martyred by terrorists. He said such cowardly acts would never dampen Pakistan's firm resolve to fight against terrorism and extremism. The Premier said, "We are following a multi-pronged approach in dealing with extremism that combines the use of political, economic, administrative and military measures." Describing peace and stability as indispensable for socio-economic progress, Gilani said Pakistan and India had made positive progress in their dialogue during the last many years. He said, "We are seeking peaceful resolution of our all outstanding issues, including the core issue of Jammu and Kashmir in accordance with the aspirations of the Kashmiri people." The Prime Minister said Pakistan was committed to peace and stability in the region. However, there was a need to move from conflict management to conflict resolution to achieve a durable peace and security in South Asia. He called for the promotion of intra-trade and increased economic cooperation among the eight developing Muslim nations. "It is in trade and not in aid that the future of D-8 lies," Gilani added. The Prime Minister said the D-8 could become a model of progress, development, cooperation and partnership. "This organisation has a great potential with more than 930 million people and vast natural resources," he added. He said Pakistan's trade with D-8 countries amounted to 8.14 per cent of its overall trade, which was the highest as compared to the trade of D-8 states with members of the organisation. The Prime Minister said Pakistan would like the D-8 to rapidly grow and become a vibrant and effective organisation. He said there was a need to provide requisite human and financial resources to the D-8 Secretariat for achieving success to realise its objectives. Gilani commended the signing of agreements including Preferential Trade Agreement, Mutual Assistance in Customs Matters and the Simplification of Visa Procedures for Businessmen of the member states as "steps in right direction." He said an early implementation of those agreements would give impetus to promotion of intra D-8 trade, which, at present was only US $ 60.5 billion. He said the D-8 had made steady progress during the last 11 years, adding that the progress achieved so far didn't reflect true potential of the D-8 countries. About the D-8 Roadmap, Gilani suggested to prioritise areas of cooperation and focus on some selected projects with timelines and verifiable indicators for effective monitoring and evaluation. In his address, Prime Minister Badawi called for a halt to the widespread conversion of arable land to produce biofuel as it is deepening global food scarcity and further driving up food prices. He said the world must not allow the zeal for energy security to come into direct conflict with the basic need for food production. Expressing deep concern over spiralling food prices and skyrocketing fuel prices plaguing the international community, especially the poor, he reiterated Malaysia's call for measures to stop speculation in the futures market which were pushing oil prices beyond their actual levels. Describing the food shortage as the most urgent challenge facing the world today, Abdullah said the price of food had increased beyond the reach of the poor who formed the majority of the world population. The current unfair system prevailing in the international relations has completely lost its effectiveness and failed to settle existing challenges, President Mahmoud Ahmadinejad of Iran said here on Tuesday. In his address, the Iranian President regretted that the current international relations system had not been successful in promoting global peace and security. "In many cases, this system is the main cause of crises," the Iranian president said. As a clear sign of ineffectiveness of the existing system governing the international relations, he referred to the critical status of innocent people, particularly women and children, in Palestine, Iraq, Afghanistan, Lebanon and many other countries as well as proliferation of weapons of mass destruction, expansion of military bases, blatant violation of human rights and setting up of several secret prisons. "It is crystal clear that the current international economic system has reached a deadlock," the Iranian President reiterated. He argued that the current food and energy crises, devaluation of dollar, the fall of countries' foreign exchange deposits and increasing worldwide poverty were the open examples of the failure of the current international economic system. Agencies add: Prime Minister Yousuf Raza Gilani on Tuesday denied any involvement in the deadly suicide car bomb attack on the Indian embassy in the Afghan capital Kabul. Gilani said it was not in Pakistan's interest to destabilise Afghanistan and vowed to fight terrorism with an "iron fist", saying his country had suffered more than any other from the scourge. "Why should Pakistan destabilise Afghanistan, because it is in our interest (to have) a stable Afghanistan and we want stability in the region," he told reporters at the D8 summit of developing nations. Gilani said he had no idea who was behind the attack, which was the deadliest in the Afghan capital since the 2001 fall of the Taliban " but firmly denied Pakistan was involved. When asked who might be responsible for the suicide blast, he said: "Maybe there are those who want to destabilise the region and those who are a threat (to the world)." "The world is facing today the menace of extremism and terrorism which has affected our socioeconomic development," he said in a speech at the summit.