Indo-Pak peace process, the US-India defence and nuclear agreements were some of the issues that Pakistan President Pervez Musharraf [Images] discussed in a meeting with top army commanders on Saturday.

He said the recent test firing of a nuclear-capable missile was aimed at a balance of power in the region.

Musharraf told the day-long 92nd Corps Commanders Conference at Rawalpindi that maintaining a balance of power is very essential towards stability and peace in the region.

The missile is a great boost to Pakistan's defence capability and a gift to the nation on the eve of Independence Day being celebrated on Sunday, an official statement quoted him as saying.

Describing the 'successful' test as 'a major milestone', he said the missile was part of Pakistan's 'quest for strengthening and consolidating its minimum deterrence, which was a cornerstone of our national security strategy'.

The conference 'discussed at length the on-going peace process with India, different aspects of Indo-US defence pact, situation in Kashmir and other dimensions of Pakistan-India relations," the release said.

It also deliberated upon global, regional and domestic developments in the aftermath of July 7 terror attacks in London [Images] and the events thereafter, and examined their impact on the country, it added.