Pakistan-Hungary launch ‘Trade & Economic Window’

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.