Since \( \frac{PS}{SQ} = \frac{PT}{TR} \), by the Basic Proportionality Theorem,
\[
ST \parallel QR
\]
Since \( \angle PST = \angle PRQ \), corresponding angles are equal, proving \( \triangle PST \sim \triangle PRQ \).
From similarity:
\[
\frac{PS}{PQ} = \frac{PT}{PR}
\]
Since proportions hold, \( PQ = PR \), proving \( \triangle PQR \) is isosceles.
Correct Answer: \( \triangle PQR \) is an isosceles triangle.