ISLAMABAD, Pakistan: The Foreign Minister Shah Mahmood Qureshi and his Hungarian Counterpart Peter Szijjarto jointly inaugurated the Hungary-Pakistan Trade and Economic Window (HPTEW) and the first Hungary-Pakistan Business Forum on Thursday.
The event was held online.
In his welcome remarks, Foreign Minister Shah Mahmood Qureshi underlined the importance Pakistan attached to Hungary, both bilaterally, and within the European Union (EU.)
Focusing specifically on enhancing bilateral trade and economic ties, the foreign minister invited Hungarian companies to take advantage of the investor-friendly climate in Pakistan to enter into joint ventures with Pakistani companies, especially in the Special Economic Zones (SEZs) under the China Pakistan Economic Corridor (CPEC).
Qureshi welcomed Hungarian expertise in the fields of agriculture and food, environment, water resource management, engineering, vocational training, and urban planning.
وزارتِ خارجہ کا معاشی سفارت کاری کی جانب ایک اور اہم قدم
وزارتِ خارجہ میں پاکستان اور ہنگری کے مابین تجارتی و اقتصادی ونڈو کی افتتاحی تقریب کا انعقاد
وزیر خارجہ مخدوم شاہ محمود قریشی اور pic.twitter.com/x1EMM5Wjaz
— Muhemmed Aejaz (@AejazMuhemmed) March 25, 2021
While appreciating the improving economic cooperation between Pakistan and Hungarian businesses despite CoVID-19, the foreign minister also highlighted the importance of collaboration in the fight against the pandemic.
The Hungarian foreign minister agreed with Qureshi that boosting linkages in all areas, particularly the economy, trade, and enhanced people-to-people exchanges, would lead to fully realizing the economic potential between the two countries.
The Foreign Minister of Hungary Peter Szijjarto said that Hungary’s policy of opening towards the East would provide a good impetus to Pakistan-Hungary relations.
Shah Mahmood Qureshi also extended an invitation to his Hungarian Counterpart to visit Pakistan at his earliest convenience.
The online event was jointly organized by the All Pakistan Business Forum, Hungarian Export Promotion Agency, Embassy of Hungary in Islamabad, and the Pakistan Embassy in Budapest.
More than 100 well-reputed Hungarian and Pakistani companies attended the event.