Islamabad, July 30 - Pakistani Prime Minister Yousuf Raza Gilani has lauded the 'statesmanship' of his Indian counterpart, terming Manmohan Singh's statement in parliament on subcontinental ties a 'bold vision of peace and prosperity'.

'I commend Dr. Manmohan Singh for his bold vision of peace and prosperity in South Asia and the statesmanship that he has demonstrated,' TV channels Thursday quoted Gilani as saying.

'The Indian prime minister has rightly emphasised the importance of an honourable settlement of the outstanding issues between India and Pakistan,' Gilani maintained.

'At Sharm-el-Sheikh, we had useful talks and a good meeting of minds. We had agreed that terrorism was a common threat. We also agreed that dialogue is the only way forward,' he added.