Thursday, December 26, 2024

Major Hungary Companies to Invest in Pakistan

Hungary’s major companies in the food, technology, medical, and information technology sectors intended to invest in Pakistan, according to Foreign Minister Peter Szijjarto.

On Thursday, Pakistan and Hungary unveiled the ‘Trade & Economic Window,’ a platform for cooperation in a variety of fields and the exploration of joint projects in oil, information technology, and tourism.

Foreign Minister Qureshi and his Hungarian counterpart Peter Szijjarto launched the Hungary-Pakistan Trade & Economic Window and the first bilateral Business Forum via video connection, marking a significant move forward for the Ministry of Foreign Affairs in terms of economic diplomacy.

Qureshi claimed that Pakistan was prepared to host the Pakistan-Hungary Joint Economic Commission’s second meeting in the near future.

He said that strengthening high-level relations between the two countries could increase bilateral trade volume.

He said Hungary’s Agricultural University was in contact with Pakistan’s Agriculture Council to facilitate bilateral food security cooperation.

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