Pakistan and Hungary on Thursday launched the ‘Trade & Economic Window’ for collaboration in diverse fields and explore joint ventures in the energy, information technology and tourism sectors of both regions.
According to details, Foreign Minister Shah Mahmood Qureshi and Foreign and Trade Minister of Hungary Peter Szijjarto, through video-link, launched the Hungary-Pakistan Trade & Economic Window.
Ambassador of Pakistan to Hungary Dr Muhemmed Aejaz, Hungarian Ambassador to Pakistan Bela Fazekas also addressed the online session where B2B meetings of both Pakistan and the Hungarian business community was arranged.
Speaking on the occasion, Foreign Minister Qureshi said that Economic Window would strengthen cooperation between Pakistan and Hungary in several areas including energy, alternative energy, information technology, food and tourism.
Qureshi announced that Pakistan was ready to host the second meeting of the Pakistan-Hungary Joint Economic Commission in near future. He mentioned that the promotion of high-level ties between the two countries could increase the volume of bilateral trade.
He said according to the vision of Prime Minister Imran Khan, the government was shifting focus from geopolitics to geo-economics. Qureshi said as per global business rankings, Pakistan’s position was improved by 28 points due to the government’s economic policies. He said Pakistan attached special importance to its bilateral relations with Hungary and thanked the government of Hungary for providing scholarships to Pakistani students.
Hungary’s Foreign Minister Peter Szijjarto said Hungary’s big companies relating to food, technology, medical and IT were planning to invest in Pakistan. To promote bilateral cooperation in food security, he said, Hungary’s Agricultural University was in touch with Pakistan’s Agriculture Council.
The Hungarian Foreign Minister thanked Foreign Minister Qureshi for his efforts in promoting bilateral cooperation in various fields.
Pakistani Foreign Minister Qureshi also invited his Hungarian counterpart to visit Pakistan, which he accepted and said that he would soon be visiting the country along with a business delegation.
Social attitudes must be challenged for girls' education: Lt Gen Nigar Johar
- an hour ago
PTI founder approaches LHC for bail in May 9 cases
- an hour ago
US unemployment rate hits record low of 4.1pc in Dec 2024
- 5 hours ago
Malala in Islamabad to attend global conference on girls' education
- 4 hours ago
Sale of adulterated LPG endangers millions of lives
- 3 hours ago
PM determined to ensure girls' education in developing countries
- 3 hours ago
12 killed in Karak accident on Indus Highway
- 2 hours ago
Los Angeles wildfires trigger air quality warnings and health concerns
- 29 minutes ago
KP govt considers contacting Musk for internet speed
- 3 minutes ago
Tribals' sit-in in Mandori, Tal-Parachinar highway still closed
- 35 minutes ago
Pakistan values its relations with Britain: Naqvi
- 2 hours ago
Joyful musical ‘Titanique’ puts Celine Dion centre stage
- 9 minutes ago