Pakistan calls US-Iran peace deal a proud moment, boost for global economy and stability

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, on Monday said the announcement of the U.S.-Iran peace agreement was a proud moment for Pakistan and a positive development for the global economy.

Virtually addressing the “Gong Ceremony – Service Long March Tyres Limited (SLM)” held at the Pakistan Stock Exchange to mark the listing of Service Long March Tyres Limited, the finance minister said Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir were being acknowledged for the trust and confidence placed in them and, more importantly, for their persistent and unrelenting efforts on the mediation front, which had now reached a successful conclusion with the announcement of the agreement.

The finance minister noted that Pakistan’s role in facilitating dialogue and supporting de-escalation efforts had reinforced the country’s standing as a constructive and responsible partner in promoting regional peace and stability. He added that this outcome reflected Pakistan’s commitment to diplomacy, engagement, and the peaceful resolution of disputes.

Referring to the prime minister’s announcement regarding the signing of a memorandum of understanding later this week, Senator Muhammad Aurangzeb said the development carried encouraging implications for Pakistan’s economy and broader regional stability. He stated that over the last three months, Pakistan had effectively navigated the first-order economic impact of the conflict and expressed confidence that the agreement would help mitigate concerns regarding secondary and tertiary economic effects that had earlier been anticipated.

While noting that disruptions to energy infrastructure would take time to fully normalize, the minister said the announcement nevertheless created a more positive outlook for economic activity and presented encouraging upside potential for the next fiscal year.

Turning to Pakistan’s capital markets, Senator Muhammad Aurangzeb congratulated the management and board of the Pakistan Stock Exchange on its strong performance and highlighted the increasing participation of investors, particularly young investors entering the market.

The finance minister noted that the listing of Service Long March Tyres Limited represented another important milestone for Pakistan’s financial markets and pointed out that the country had witnessed 11 initial public offerings (IPOs) during the current fiscal year—the highest number in nearly two decades. He remarked that the strongest vote of confidence in any economy comes when investors commit capital, and said that investor participation at the Pakistan Stock Exchange reflected increasing trust in Pakistan’s economic direction.

Speaking on Service Long March Tyres Limited, the minister recalled his association with the venture since its early stages and described it as a successful example of industrial cooperation and export-oriented investment. He praised the project’s execution during the peak of the COVID-19 period and acknowledged the contribution of Chinese expertise and continued investor confidence in Pakistan.

Summing up, Senator Muhammad Aurangzeb said that Pakistan remained committed to creating an enabling environment for investment, strengthening capital markets, and expanding international economic partnerships to support sustainable growth and long-term prosperity.