Islamabad (GNP): Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb has described the announcement of the US-Iran peace agreement as a defining moment, one that fills Pakistan with pride and carries far-reaching positive implications for the global economy.
The Minister made these remarks while virtually addressing the Gong Ceremony held at the Pakistan Stock Exchange to mark the formal listing of Service Long March Tyres Limited (SLM).
Senator Aurangzeb paid tribute to Prime Minister Muhammad Shehbaz Sharif and Field Marshal Syed Asim Munir, noting that both leaders continue to receive recognition for the trust placed in them and, more significantly, for their persistent and unwavering mediation efforts that have now brought negotiations to a successful conclusion with the formal announcement of the agreement.
He highlighted that Pakistan’s active role in encouraging dialogue and supporting de-escalation efforts has meaningfully elevated the country’s profile as a responsible and constructive voice for regional peace and stability. This outcome, he said, is a direct reflection of Pakistan’s deeply held commitment to diplomacy, engagement, and the peaceful resolution of international disputes.
Referencing the Prime Minister’s announcement regarding the signing of a Memorandum of Understanding later in the week, the Finance Minister described the development as carrying encouraging implications both for Pakistan’s domestic economy and for the broader regional environment.
Senator Aurangzeb noted that over the preceding three months, Pakistan had successfully managed the immediate economic pressures stemming from the conflict. He expressed confidence that the peace agreement would help contain the secondary and tertiary economic ripple effects that had previously been a source of concern for policymakers and analysts alike.
While acknowledging that damage to energy infrastructure would take time to fully repair and normalize, he said the announcement had nonetheless created a more optimistic economic atmosphere and presented meaningful upside potential heading into the next fiscal year.
Turning to Pakistan’s financial markets, the Finance Minister commended the Pakistan Stock Exchange’s management and Board for the bourse’s strong recent performance, pointing in particular to the growing participation of younger investors entering the market for the first time.
He described the listing of Service Long March Tyres Limited as yet another important chapter in Pakistan’s capital market development story, noting that the country has recorded 11 Initial Public Offerings during the current fiscal year — the highest annual tally in close to two decades.
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He remarked that when investors commit capital, it represents the most credible possible vote of confidence in an economy, and that rising participation at the PSX is a tangible signal of growing trust in Pakistan’s economic trajectory.
Speaking about the newly listed company, Senator Aurangzeb recalled his personal connection with the venture from its earliest stages, describing it as a compelling example of successful industrial collaboration and export-oriented investment. He praised the project’s delivery during the challenging peak of the COVID-19 period and acknowledged the contribution of Chinese technical expertise and the sustained confidence shown by investors in Pakistan’s industrial potential.
Summing up, Senator Muhammad Aurangzeb reaffirmed Pakistan’s resolve to build and sustain an investment-friendly environment, deepen its capital markets, and broaden its international economic partnerships, all in service of long-term, sustainable national prosperity.
