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Prime Minister Shehbaz Sharif expressed hope on Tuesday that the memorandum of understanding signed by the US and Iran before the two sides held talks in Switzerland over the weekend would turn into a “long-lasting agreement”.

He said this while addressing the National Assembly, where he recalled the developments at the recent summit in the Swiss resort of Burgenstock, where delegations from the US and Iran held an hours-long discussion with Pakistan and Qatar participating as mediators.

“Pakistan tried its best, with complete sincerity, to close the distance between the two sides,” he said, adding that the dialogue that began on Sunday stretched past midnight into Monday.

He recalled that a joint statement was issued by the mediators in the early hours of Monday after the dialogue concluded, noting that technical talks would be held between the US and Iran over the next 60 days. The negotiations would also cover Iran’s nuclear assets, ballistic missiles and frozen assets, he added.