Finally, after a myriad of setbacks, world powers — namely the US, the UK, China, France and Germany — have reached an agreement with Iran. While there are plenty of quarters appreciating this landmark agreement, others are criticising the deal. Fruitful outcomes for Tehran under the deal will include the doubling of oil exports, the lifting of sanctions, and the unfreezing of $100 billion in assets, to name a few.
On the other hand, critics believe that this deal will shift the power equilibrium in the Middle East. Moreover, Iranian rapprochement with the US will be very alarming for Saudi Arabia and other Arab states. It is important that concerns of the Arab states are addressed so that the region as a whole can progress and prosper.
Sanctions on Iran have finally been lifted and many countries will now be ready to invest in the country, as well as buy gas, oil and other natural resources from it. This is a very positive sign for the Iranian economy and will enable it to progress and prosper in the future.
This development will also lead to the creation of a healthy trading culture in Central Asia, from which Pakistan, being a neighbour of Iran, will surely benefit.
M Muazzam Bilal
pk.shafaqna.com
