ISLAMABAD (April 18, 2026):
Business leader and former president of the Islamabad Chamber of Commerce and Industry, Shahid Rashid Butt, said that Pakistan’s civilian and military leadership has significantly enhanced the country’s global standing, with Islamabad emerging as a focal point of international diplomatic engagement.
He noted that preparations for high-level negotiations are gaining pace in the capital, drawing global attention and signaling Pakistan’s growing relevance in regional and international affairs. He added that recent positive remarks from the US leadership reflect renewed confidence in Pakistan’s diplomatic role.
Shahid Rasheed Butt said that the recent visit of the field marshal to Iran has also yielded constructive outcomes, contributing to improved bilateral understanding and the reopening of a key regional maritime route, easing global supply concerns.
The business leader said there is increasing optimism that Iran could move closer to integration with the global economic system, which may further stabilize the region. He urged international stakeholders to play a constructive role in resolving long-standing Kashmir dispute.
On the economic front, he highlighted early signs of relief for domestic consumers. Following a decline in global oil prices, the government has reduced diesel rates, with expectations of a cut in petrol prices in the coming weeks. He added that electricity load-shedding has already declined, with prospects of further improvement as supply conditions stabilize.
In a significant development, Pakistan has re-entered international capital markets after four years by issuing a $500 million Eurobond. Butt described this as a major milestone, indicating renewed investor confidence despite challenging global financial conditions. He said the move restores Pakistan’s access to external financing channels and paves the way for future instruments, including Sukuk and Panda bonds.
He emphasized that the next critical step is to translate diplomatic gains into sustained economic progress. Strengthening investor confidence, ensuring policy continuity, and maintaining macroeconomic stability will be essential to maximize the benefits of recent developments for businesses, markets, and households.
