EGYPT: Prime Minister Shehbaz Sharif on Monday described US President Donald Trump as a "genuine man of peace", who had worked relentlessly and untiringly to end global conflicts, including the war in Gaza.

Standing with the US president and other global leaders during a press conference in Sharm el-Sheikh, Egypt, following the signing of the Gaza peace agreement, the premier said that the world was witnessing "one of the greatest days in contemporary history".

The prime minister remarked that peace had been achieved after months of tireless diplomatic efforts led by President Trump, who has made the world "a place to live with peace and prosperity."

The presser of the world leaders was held moments after mediators Egypt, Qatar, and Turkey signed with the US president a document on the Gaza ceasefire deal. The document was signed during the international summit hosted by Egypt in the Red Sea resort of Sharm El-Sheikh on the deal.

Ahead of the signing, Hamas freed the last living Israeli hostages from Gaza under the deal, and Israel sent home busloads of Palestinian detainees.

The ceasefire and partial Israeli withdrawal agreed last week halted one of Israel's biggest offensives of the war, an all-out assault on Gaza City that was killing scores of people per day.

The prime minister said Pakistan had earlier nominated Trump for the Nobel Peace Prize for his "outstanding and extraordinary contributions" in halting a potential war between India and Pakistan and securing a ceasefire.

"Today, again, I would like to [re-]nominate this great president [Trump] for the Nobel Peace Prize because I genuinely feel that he's the most deserving candidate," PM Shehbaz said.

"He has brought peace not only to South Asia, saving millions of lives, but also to the Middle East through his efforts in Gaza.”

The prime minister hailed Trump as "the man the world needed most at this point in time," adding that history would remember him as the leader who "stopped seven and today, eight wars."

"Had it not been for this gentleman [Trump]," Shehbaz said, "a full-scale war between two nuclear powers could have erupted. His timely intervention averted catastrophe."