Fakhar Imam welcomes Hungary’s offers of $50 million credit facility to Pakistan

ISLAMABAD, Pakistan: The Federal Minister for National Food and Security Syed Fakhar Imam has welcomed the $50 million credit facility offer from Hungary to Pakistan in the field of food processing and water management.


In a meeting with the Hungarian Charge d’affaires Tivadar Takacs in Islamabad on Wednesday, Fakhar Imam said that Pakistan has immense agricultural capacity which can allow Pakistan to increase its exports.

The minister hoped that Hungary will import agricultural products from Pakistan to enhance bilateral trade.

Syed Fakhar Imam said that cooperation amongst countries at every level needs to be increased if the world wants to move towards sustainable and nature friendly development. He further stressed that the future is in the hands of the youth and hence their quality of education needs to be at par excellence.

Fakhar also welcomed and appreciated the 200 scholarships offered by Hungary to the Pakistani students.

The Hungarian Charge d’affaires Tivadar Takacs on behalf of the Minister of Foreign Affairs and Trade of Hungary Peter Szijjarto extended an invitation to Fakhar Imam to attend the “Planet Budapest 2021 Sustainability Expo and Summit”.

Tivadar Takacs said that thousands of participants from all around the globeincluding high ranking officials of the United Nations, high-level government delegations, prominent scientists as well as renowned representatives of the business and finance sector will attend.

The Hungarian Charge d’affaires said that the purpose of the “Planet Budapest 2021 Sustainability Expo and Summit” is to present technologies contributing to sustainable development and so Pakistan can upgrade its agriculture sector through it.

The Hungarian Charge d’affaires Tivadar Takacs said that the agricultural bilateral trade between the two countries has immense potential. He said that the exchange of agricultural technologies can enhance the productivity of agriculture in Pakistan and thus should be a primary area of focus.

Both dignitaries agreed to enhance trade and exchange of technologies in the agriculture sector.

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