KARACHI: President of the Korangi Association of Trade and Industry (KATI), Muhammad Ikram Rajput, has welcomed the resumption of the second round of negotiations between the United States and Iran aimed at achieving a ceasefire, terming it a positive development for regional and global peace.
Rajput said that the continuation of talks in Islamabad and the possibility of a formal agreement represent a significant diplomatic breakthrough that could contribute to long-term peace and stability in the region.
He noted that such high-level engagement between the two countries, after 49 years of strained relations, marks an important milestone.
He highlighted that recent tensions between the US and Iran have negatively impacted the global economy, particularly the energy sector. Disruptions in the supply of crude oil and fuel have adversely affected industrial production and business activities worldwide. For developing countries like Pakistan, he said, the situation has been especially concerning due to its reliance on imported energy.
Rajput commended the diplomatic efforts of Pakistan’s leadership, including Prime Minister Shehbaz Sharif, Field Marshal Syed Asim Munir, and Deputy Prime Minister Ishaq Dar, stating that their proactive engagement played a key role in bringing both countries back to the negotiating table.
He emphasised that Pakistan’s role as host of such critical talks reflects its growing importance as a responsible diplomatic actor on the global stage and strengthens its positive image internationally.
The KATI president described the progress made in the dialogue as encouraging but stressed the need for both sides to continue comprehensive dialogue and reach a formal agreement addressing all key issues.
He said that a successful outcome would not only ensure lasting peace in the region but also stabilize global oil markets.
Rajput expressed optimism that improved geopolitical conditions would lead to the restoration of oil supply chains and stability in energy prices, which would, in turn, support global economic recovery.
He added that such developments would have positive implications for Pakistan’s economy, including reduced industrial costs, improved business confidence, and potential relief for the general public.
Copyright Business Recorder, 2026
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