LAHORE: The Pak International Business Forum (PIBF) has welcomed the emerging peace agreement between Iran and the United States praising the constructive role played by Pakistan and other facilitators in bringing the two sides to the negotiating table.
In a joint statement, PIBF President Dr Mushtaq Mangat and Secretary General Ejaz Tanveer said that the diplomatic breakthrough demonstrates the importance of dialogue in resolving international disputes and reflects positively on Pakistan’s growing role as a responsible stakeholder in regional peace and stability. Pakistan has been widely acknowledged as one of the key facilitators of the negotiations that culminated in the ceasefire and peace framework announced over the weekend.
Dr Mushtaq Mangat stated that the restoration of peace in the region and the expected easing of restrictions on Iranian oil exports could contribute to greater stability in global energy markets and provide Pakistan with an opportunity to secure affordable energy supplies. He urged the government of Pakistan to immediately engage with Iranian authorities to explore long-term arrangements for the import of crude oil, petroleum products, and natural gas at competitive rates.
“High energy costs remain one of the biggest challenges facing Pakistani industry. If sanctions-related barriers are reduced and bilateral energy cooperation becomes feasible, Pakistan must move swiftly to negotiate favourable terms for importing Iranian oil and gas,” he observed.
Secretary General Ejaz Tanveer said that the changing geopolitical environment provides a timely opportunity to revive the long-delayed Iran-Pakistan Gas Pipeline project, which has remained stalled largely due to international sanctions and related uncertainties. The project could play a critical role in addressing Pakistan’s long-term energy security requirements and reducing dependence on expensive imported fuels, he added
The PIBF leadership also called for renewed efforts to operationalize and expand regional connectivity initiatives, particularly the Islamabad–Tehran–Istanbul (ITI) Cargo Train, which can serve as an important trade corridor linking Pakistan with Iran, Türkiye, Central Asia, and Europe.
Copyright Business Recorder, 2026
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