Karachi: The announcement of a peace agreement between the United States and Iran has been described as a proud moment for Pakistan and a significant development for the global economy, according to Pakistan’s Minister for Finance and Revenue, Senator Muhammad Aurangzeb. Speaking virtually at the “Gong Ceremony” at the Pakistan Stock Exchange, the minister emphasized the roles of Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir in mediating the agreement.

According to Radio Pakistan, Senator Aurangzeb highlighted Pakistan’s facilitative role in easing tensions and promoting dialogue, which has enhanced the country’s reputation as a constructive participant in regional peace efforts. The minister remarked that Pakistan’s commitment to diplomacy and peaceful dispute resolution is evidenced by this latest development.

The minister also referred to the impending signing of a Memorandum of Understanding, noting that this would have promising implications for both Pakistan’s economy and regional stability. Over the past three months, Pakistan has managed the immediate economic impacts of the conflict, and the agreement is expected to alleviate concerns about longer-term economic effects.

Senator Aurangzeb expressed optimism about the economic outlook and the potential for increased economic activity in the next fiscal year. He also praised the performance of Pakistan’s capital markets, particularly noting the growing involvement of young investors. The minister reiterated Pakistan’s dedication to fostering an investment-friendly environment, enhancing capital markets, and expanding international economic partnerships to achieve sustainable growth.