"I consider Shahid as my friend and there is lot of times I take advice from him, I take suggestions from him because I think you need to be addressed with the latest that is happening," Pankaj told IANS.
"He is a youngster and a very talented boy and a very solid balanced head. So there are lot of time when he comes up with very good suggestions and I am proud of that fact," he added.
Pankaj said he shared a similar relationship with his own father too.
"I had my father as my friend and I feel that my children, actually all the three of them, are friends with me. Obviously, Shahid being the oldest - there is a certain maturity in terms of understanding each other which naturally exists."
Pankaj is now gearing up for the release of his new film, Vishal Bhardwaj's "Matru ki Bijlee Ka Mandola". The actor says he shares a comfort level with the director.
"If you get a good script along with a good director, with whom you share a comfort level then that becomes an added advantage. This is what happened with me it was great working with him. There is a level of trust that exists," he added.