Two officials in Islamabad said the plan would be passed to US negotiators, with Pakistan seeking an in-person US-Iran meeting early next week.
They said both sides remain focused on diplomacy, though reports suggested talks were stalling; oil fell $2.45 to $104.41 after earlier hitting $110.93, while stocks rose.
Russian media said Vladimir Putin warned Donald Trump that renewed US-Israeli military action, especially a ground operation in Iran, would have severe regional and global consequences.
With nuclear talks off the table, is the latest peace proposal merely a tactical pause in the war?
With markets rallying on peace hopes, what is the unpriced risk of a swift return to conflict?
As the Iran war drains US missile stockpiles, are America's NATO allies now left vulnerable?