"If we want to protect the International image of Pakistan then no excuse will be acceptable because people now want a verifiable action," the foreign minister said.
Last week, the US, the UK and France moved a fresh proposal in the UN Security Council to designate Azhar as a global terrorist, a listing that will subject him to global travel ban, asset freeze and arms embargo.
"We have to make a decision with political consensus. The international community has got the message that Pakistan wants peace," Qureshi told Geo TV, without elaborating.
Describing the situation following the Pulwama terror attack as a "defining moment" for Pakistan, he said Pakistan doesn't want to go for a war with India.
"We want peace. Our people want jobs, they want reforms in institutions, they want us to crackdown on corruption...," he added.
In 2009, India moved a proposal to designate Azhar, whose UN-proscribed Jaish-e-Mohammed (JeM) claimed responsibility for the suicide attack against Indian security forces in Pulwama on February 14 in which 40 Central Reserve Police Force (CRPF) personnel were killed.
In 2016 again, India moved the proposal with the P3 - the US, the UK and France in the UN's 1267 Sanctions Committee to ban Azhar, also the mastermind of the attack on the air base in Pathankot in January, 2016.
In 2017, the P3 nations moved a similar proposal again. However, on all occasions, China, a veto-wielding permanent member of the Security Council, blocked India's proposal from being adopted by the Sanctions Committee.
It remains to be seen how China will vote on the proposal this time.
India has strongly reiterated its appeal to all members of the international community to support the proposal to list terrorists, including Azhar, as designated terrorists under the 1267 Sanctions Committee of the UN Security Council, and to ban terrorist organisations operating from territories controlled by Pakistan.