"Except for those who do not want peace in the region, nobody will gain if the present situation along the LoC is allowed to worsen...It (ceasefire violations) threatens to cause a setback to your intended efforts to work with each other to put India and Pakistan on the path towards peace," Mirwaiz told reporters here.
Releasing a letter addressed to the Premiers of India and Pakistan, Mirwaiz appealed to both the countries to de-escalate the growing tension and engage in a direct dialogue with each other.
The Hurriyat chairman said any decision to abandon the path of dialogue would be reckless.
"Indeed, it risks pushing south Asia towards the dangerous abyss of renewed confrontation, increased hostility, regional instability and even nuclear crisis," he said.
Mirwaiz called upon leadership of both the countries to demonstrate statesmanship and take "bold and visionary decision".
"If bold and visionary decisions are taken today, they could yield an entirely new reality for the region. If India and Pakistan are able to engage with each other to improve ties and peacefully resolve their differences and if they are able to focus on a peaceful resolution of Kashmir conflict, a new era of stability and prosperity could be unleashed," he said.