Pak, Hungary launch a trade, economic window to boost commercial
and economic linkages

ISLAMABAD, (MANEND NEWS): Pakistan and Hungary have launched a
trade and economic window to boost their commercial and economic
Foreign Minister Makhdoom Shah Mahmood Qureshi and his Hungarian
counterpart Péter Szijjártó virtually launched the online platform on
Speaking on the occasion, the Foreign Minister expressed the
confidence that the window will further enrich their bilateral relations.
He said this will serve as the round the clock online platform to provide
credible information and guidance for respective businesses and
The Foreign Minister said Pakistan deeply values its relations with
Hungary both bilaterally and within the European Union.

Shah Mahmood Qureshi said it is a matter of satisfaction that despite
ongoing pandemic, the two sides have been working together to
further cement their economic partnership.
Emphasizing the need for further consolidating partnership through
high level and private sector exchanges, he said Pakistan looks
forward to the second session of Pakistan-Hungary Joint Commission
on economic cooperation in Islamabad this year.
Alluding to the investment opportunities in Pakistan, the Foreign
Minister said all the economic sectors are open for investment. He said
the Hungarian companies are welcomed to explore joint ventures with
Pakistani counterparts. He said the Hungarian companies can invest in
special economic zones as well as the renewable energy, information
technology, electric vehicles and tourism. He pointed out that there is
a also a great scope of cooperation in the agriculture sector.
The Foreign Minister said Pakistan has also eased visa requirements
and the businessmen including those from Hungary can avail visa on
arrival facility. The tourists are also being facilitated through online
Shah Mahmood Qureshi said several European countries have revised
their travel advisory for Pakistan after improvement in security
situation and the economic and structural reforms undertaken by the
present government. He hoped Hungary will also revise its travel
advisory for Pakistan in order to improve the linkages.

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