SCCI praises Pakistan's role as mediator in US-Iran peace deal

President Sarhad Chamber of Commerce and Industry (SCCI), Junaid Altaf on Friday praised Pakistan’s role in facilitating the agreement between the United States and Iran, calling it a major achievement toward sustainable and long-lasting peace, stability and economic development and prosperity

PESHAWAR, (APP - UrduPoint / Pakistan Point News - 19th Jun, 2026) President Sarhad Chamber of Commerce and Industry (SCCI), Junaid Altaf on Friday praised Pakistan’s role in facilitating the agreement between the United States and Iran, calling it a major achievement toward sustainable and long-lasting peace, stability and economic development and prosperity.

In a statement issued here on Friday, President Junaid Altaf stated that Pakistan’s role as mediator in US-Iran peace deal and diplomacy, and efforts for regional peace and stability, are completely unparalleled and have no example anywhere in the world and credit of this historic peace pact goes to Pakistan’s civil and military leadership.

He paid tribute to the Prime Minister, Deputy Prime Minister, Field Marshal, and Interior Minister over their roles in steering diplomatic engagement and supporting efforts that helped transition the region from an imminent crisis toward enduring peace, stability, and mutual understanding.

SCCI chief stressed peace and regional stability are indispensable for economic growth, investor confidence, trade expansion, regional connectivity, and sustainable development.

Pakistan's commitment to diplomacy and constructive engagement has strengthened its image as a responsible and credible partner in promoting peace and cooperation, he added.

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He urged the Government of Pakistan to pass on the benefits of lower international oil prices to consumers and businesses through a meaningful reduction in domestic petroleum prices in light of the easing of regional tensions and the stabilization of global energy markets.

President Junaid Altaf noted that elevated energy costs have been a major driver of cost-push inflation, increasing transportation, manufacturing, logistics, and input costs across the economy.

He maintained a reduction in fuel prices would help ease inflationary pressures, lower the cost of doing business, improve industrial competitiveness, and provide much-needed relief to the public.

SCCI chief emphasized that a sustained decline in inflation would create greater policy space for the State Bank of Pakistan to pursue a more accommodating monetary stance, including further reductions in the policy rate.

Lower interest rates would support private-sector investment, industrial expansion, job creation, and economic recovery, he added.

President Junaid Altaf said the business community remains optimistic that the dividends of peace will translate into economic stability, enhanced investor confidence, lower inflation, and accelerated growth for Pakistan.