Pakistani Foreign Minister Shah Mehmood Qureshi said that Pakistan is a peace-loving state and seeks to cooperate with all regional countries in order to achieve regional security and economic development. In his speech before Islamabad Business Summit, the Pakistani Foreign Minister has lauded the investments announced by the Kingdom of Saudi Arabia in Pakistan, disclosing that the Kingdom pledged to pump as much as $20 billion in developmental projects in Pakistan. He affirmed that peace is a necessity to ensure development and prosperity in the region.