Hussain was addressing the joint session on start of the fourth year of the current Pakistan parliament, also expressing concern on suspension of foreign secretary level talks.
"We believe the main cause of tension in the region is the Kashmir issue. It is part of unfinished agenda of partition of the sub-continent. Unless Kashmir issue is settled according to the wishes of people of Kashmir and UN resolutions, the problems of this region cannot be resolved," he added.
He said Pakistan is a peaceful country and wants its foreign policy to be based on friendship and brotherhood with all nations.
"We do not wish to be aggressive towards any nation and intend to participate with honesty in national and global affairs," he stated.
The president said that Pakistan wanted peaceful ties with all the neighbours by addressing disputes through talks.
He said that democracy has been strengthened in the country and it can now resist and absorb different kinds of crisis.
"It means that our nation has come to the conclusion that sustainable progress and stability cannot be achieved without democracy," he said, as he congratulated the lawmakers on completion of three years of parliament.
He said Pakistan's economy is progressing and the country will achieve 4.7 per cent growth in the outgoing fiscal year which will end on June 30.
He said Pak-China partnership was important for national economic growth and the multi-billion dollar China-Pakistan Economic Corridor will be completed at every cost.
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