ISLAMABAD, June 15 -- Prime Minister Shehbaz Sharif announced on Monday that Pakistan will host the signing ceremony of the US-Iran peace agreement in Geneva on June 19, describing the development as a historic diplomatic achievement for global peace.

Addressing the National Assembly, the prime minister said the agreement between the United States and Iran marked a major breakthrough after more than three months of conflict and intensive diplomatic engagement. He noted that both sides had agreed to an immediate and permanent end to military operations, including in Lebanon.

The agreement provides a framework to end hostilities, lift the US blockade of Iran and reopen the Strait of Hormuz, a key route for global energy supplies. Pakistan...