Prime Minister Shehbaz Sharif has signed the Islamabad Memorandum of Understanding between Iran and the United States in his capacity as a mediator, according to an official statement from the Prime Minister’s Office.
The signatures of U.S. President Donald Trump and Iranian President Masoud Pezeshkian were already present on the document before the final mediation endorsement by Pakistan, Pakistan media said quoting the statement of PMO.
According to the statement, the agreement was described as having been concluded ahead of schedule, with both sides agreeing to end hostilities and reopen the Strait of Hormuz. It further claimed the memorandum had already come into effect.
President Donald Trump signed a copy of the US-Iran agreement at the Palace of Versailles in France, concluding his G7 trip. The US then sent a photo of the signed agreement to the Iranians, a US official said. The document was then signed by Iranian President Masoud Pezeshkian.
The agreement commits the US and Iran to achieving a final deal within 60 days. It also says the US will issue waivers so Iran will be able to export oil and spells out provisions for reopening the Strait of Hormuz. It also commits the US and regional partners to developing a $300 billion reconstruction fund for Iran.
Officials described the deal as a major diplomatic breakthrough aimed at ending hostilities and restoring regional stability.
The statement added that the agreement includes provisions for reopening key maritime routes and outlines broader economic reconstruction and sanctions-related commitments, though details remain unclear and have not been independently confirmed.
It further said that discussions on Iran’s nuclear programme remain ongoing for a 60-day period, with the possibility of extension by mutual consent.
