Minister for Finance and Revenue Senator Muhammad Aurangzeb has said the announcement of the US-Iran peace agreement is a proud moment for Pakistan and a great moment for the global economy.
According to official information today, virtually addressing the ‘Gong Ceremony” 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 continued to be acknowledged for the trust and confidence reposed in them, and more importantly, for their earnest, unrelenting and persevering efforts on the mediation front, which have now taken matters to the finishing line with the announcement of the agreement.
The Finance Minister noted that Pakistan’s role in facilitating dialogue and supporting efforts aimed at de-escalation has reinforced the country’s standing as a constructive and responsible partner in promoting regional peace and stability. He said this outcome reflects Pakistan’s commitment to diplomacy, engagement and peaceful resolution of disputes.
Referring to the Prime Minister’s announcement regarding the signing of the Memorandum of Understanding later this week, Senator Muhammad Aurangzeb said the development carries encouraging implications for Pakistan’s economy and for broader regional stability.
He said over the last three months Pakistan has 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.
The Minister said the announcement creates 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. He highlighted the increasing participation of investors, particularly young investors entering the market.
Senator Muhammad Aurangzeb said Pakistan remains committed to creating an enabling environment for investment, strengthening capital markets and expanding international economic partnerships to support sustainable growth and long-term prosperity.