Pakistan and India are likely to ink an agreement in Indian capital New Delhi on next Wednesday for reducing risks of nuclear accidents, according to a newspaper report of The News on Saturday.

The details of the agreement have been finalized and the accord will be signed in the presence of foreign ministers and secretaries of the two countries, said the report, quoting "well- placed sources".

The newspaper notes that diplomatic observers are attaching great importance to the proposed agreement, terming it a major confidence-building measure (CBM) between Pakistan and India.

According to the agreement, in case any nuclear mishap takes place in any country, it would immediately share with the other so that no confusion or misperception should come in the way.

The two sides will use hotline in extreme emergency, said the report.

The foreign ministers of both countries reportedly will review bilateral ties and look into progress on efforts for resolution of the Kashmir dispute when the Pakistan-India joint ministerial commission has a meeting on Feb. 21 in New Delhi.

Source: Xinhua