Pakistan’s Foreign Ministry is set to host a video conference signing ceremony for a peace agreement between Iran and the United States, capping months of mediation by Islamabad.

The virtual event follows Prime Minister Shehbaz Sharif’s announcement on June 12, 2026, that both sides have agreed on the final text of the deal. The signing is expected within 24 hours of that announcement, putting it squarely on Sunday.

How Pakistan became the unlikely mediator

Pakistan positioned itself as a neutral facilitator during negotiations. The groundwork was laid in April 2026, when a two-week ceasefire between the US and Iran took effect on April 8 under Pakistani mediation.

Iranian Foreign Minister Seyed Abbas Araghchi signaled the momentum in comments leading up to the announcement, stating the deal “has never been closer.”

The key negotiating parties were Pakistan, represented by Sharif and the Foreign Ministry; the Trump administration on the American side; and Araghchi leading for Iran.

What’s in the deal

The agreement appears to be structured as a performance-based framework in which Iran receives economic benefits contingent on meeting specific obligations laid out in the text.

Final approvals from key stakeholders, including President Trump, are still needed. The finalized text is not the same as a ratified agreement.

Market and geopolitical implications

For crypto markets specifically, the immediate impact appears muted. Major crypto news outlets have not prominently covered the development, and there is no visible translation into digital asset prices or trading volumes as of the announcement.