These are the people who operate outside the system like al-Qaeda but Pakistan has offered full cooperation to India in investigating the incident and "We intend to do so."

"We cannot rule anything out at the moment," he said when asked whether al-Qaeda might be involved. But it is too premature to reach any conclusion.

Zardari denied Pakistan's involvement in the attacks, saying the terror strikes were executed by the "Stateless actors" who wanted to hold the "entire world hostage."

"These (terrorists) are stateless actors who have been operating throughout the region. They include gunmen and the planners and are holding the entire world hostage," he said.

"State of Pakistan is not responsible for the attacks in Mumbai... even the White House and the US intelligence agency CIA have said so," he said.

The President ruled out any possibility of Pakistan and India going to war, saying "democracies do not go to war".

The three wars, India and Pakistan have fought, took place

during dictatorships in Pakistan, he said.

Zardari said this is time to come together, do a joint investigation and look at the problem in the larger context.

"The threat is in the region and just not to Bombay or to India. The threat (also is) to the State of Pakistan. There's a threat to Afghanistan, It's a threat throughout region. So that would be counterproductive," he added.

"I'm a victim. The state of Pakistan is a victim. We are the victims of this war, and I am sorry for the Indians, and I feel sorry for them. I've seen this pain. I feel this pain every time I see my children. I can see it in their eyes.

... contd.