Premier Aziz made this statement during a live address broadcast on satellite television from Islamabad to India dubbed `Today Conclave in New Delhi' and during the question-answer session on Friday.

He said that the gas pipeline was a win-win deal for all the three countries.

Aziz noted that warming relations with India could get a further boost from a proposed US dollar four billion gas pipeline from Iran to India via Pakistan.

Reports quoted him as saying that Pakistan was ready to take a chance on peace with India and that both countries had to break away from past shackles to make peace a reality on the subcontinent.

Relations between the two countries have never been normal, mainly because of their differences on Kashmir, a disputed piece of land. Due to this situation, the project of gas pipeline could not be realized so far.

About the possible settlement of Kashmir problem, he said that both Pakistan and India would have to demonstrate boldness and flexibility to resolve the issue.

Islamabad and New Delhi have fought two of the three wars on the lingering Kashmir tangle since their independence in August 1947 from the British colonial rule.