Pakistan's Foreign Minister Ishaq Dar said in a post on X that "the government of Iran has agreed to allow 20 more ships under the Pakistani flag to pass through the Strait of Hormuz".
"Two ships will cross the strait daily," he added.
Dar welcomed the decision as "a harbinger of peace" that "will help usher in stability in the region".
"Dialogue, diplomacy, and such confidence-building measures are the only way forward," the minister, who also serves as deputy prime minister, said.
Pakistan shares an around 900km-long border with Iran and has emerged as a mediator amid rising fears that the US-Israeli war with Iran could continue to spread to the wider region.
The announcement came hours ahead of a planned meeting of top diplomats from Saudi Arabia, Turkey and Egypt scheduled to take place in Islamabad on Sunday and Monday.
The foreign ministers of Egypt and Turkey arrived in the Pakistani capital on Saturday.
Meanwhile, Dar said he had held a telephone conversation with his Iranian counterpart, Abbas Araghchi, during which he emphasised the need for de-escalation, stressing that dialogue and diplomacy remain the only viable path to lasting peace.
"Pakistan remains committed to supporting all efforts aimed at restoring regional peace and stability," the minister said.
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