Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Monday termed the announcement of the U.S.-Iran peace agreement a proud moment for Pakistan and a significant development for the global economy, saying the accord reflected the success of diplomatic efforts aimed at promoting regional peace and stability.
Virtually addressing the “Gong Ceremony – Service Long March Tyres Limited (SLM)” held at the Pakistan Stock Exchange (PSX) to mark the listing of Service Long March Tyres Limited, the minister said Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir continued to receive recognition for the trust and confidence placed in them, as well as for their persistent and dedicated efforts on the mediation front that had helped bring the process to its successful conclusion.
He said Pakistan’s role in facilitating dialogue and supporting de-escalation efforts had reinforced its standing as a constructive and responsible partner in promoting regional peace. The development, he added, 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 Aurangzeb said the development carried positive implications for Pakistan’s economy and broader regional stability.
He noted that Pakistan had effectively managed the first-order economic impact of the conflict during the past three months and expressed confidence that the agreement would help ease concerns over potential secondary and tertiary economic consequences.
While acknowledging that disruptions to energy infrastructure would take time to normalize fully, the minister said the agreement had improved the outlook for economic activity and created encouraging upside potential for the next fiscal year.
Turning to the capital market, Senator Aurangzeb congratulated the management and board of the Pakistan Stock Exchange on its strong performance and highlighted the growing participation of investors, particularly young investors entering the market.
He said the listing of Service Long March Tyres Limited marked another important milestone for Pakistan’s financial markets, noting that the country had witnessed 11 Initial Public Offerings (IPOs) during the current fiscal year – the highest number in nearly two decades.
The minister said the strongest vote of confidence in any economy came when investors committed capital, adding that growing participation at the Pakistan Stock Exchange reflected increasing trust in Pakistan’s economic direction. Speaking about Service Long March Tyres Limited, Senator Aurangzeb recalled his association with the venture from its early stages and described it as a successful example of industrial cooperation and export-oriented investment.
He praised the execution of the project during the peak of the COVID-19 pandemic and acknowledged the contribution of Chinese expertise as well as the continued confidence of investors in Pakistan. The finance minister reiterated 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.