Friday, April 19, 2024

Hungary to Provide $84 Million Credit-Line for B2B Cooperation

The Hungarian government has established a $84 million credit line for Hungarian businesses doing business in Pakistan.

In addition, the Hungarian government launched a $50 million financing facility for fisheries and food processing industries. In addition, the two sides will endeavor to create direct air links.

Meanwhile, the two countries signed a Memorandum of Understanding (MoU) on Cooperation within the Framework of the Stipendium Hungaricum Program 2020-22, under which the Hungarian government will grant 200 scholarships to Pakistani students each year to study in Hungary.

These developments came during a wide-ranging meeting between Foreign Minister Shah Mahmood Qureshi and Hungary’s visiting Minister of Foreign Affairs and Trade, Peter Szijjarto, at the Foreign Office on Thursday.

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