Pakistan and Hungary launched the ‘Trade & Economic Window,’ which will enable them to collaborate in a variety of fields and pursue joint ventures 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.
Foreign Minister Qureshi said the opening of the Trade & Economic Window would enhance Pakistan-Hungary cooperation in a number of areas, including electricity, renewable energy, information technology, food, and tourism.
Qureshi claimed that Pakistan was prepared to host the Pakistan-Hungary Joint Economic Commission’s second meeting in the near future.
He suggested that strengthening high-level relations between the two countries might boost bilateral trade.
He said that the government was changing its attention from geopolitics to geoeconomics, as per Prime Minister Imran Khan’s vision.
According to Qureshi, Pakistan’s place in global business rankings has strengthened by 28 points as a result of the government’s economic policies.
He said that Pakistan values its bilateral ties with Hungary and thanked the Hungarian government for providing scholarships to Pakistani students.
Hungary’s Foreign Minister, Peter Szijjarto, confirmed that Hungary’s major companies in the food, technology, medical, and information technology sectors plan to invest in Pakistan.
He said Hungary’s Agricultural University was in contact with Pakistan’s Agriculture Council to facilitate bilateral food security cooperation.
Foreign Minister Qureshi was thanked by the Hungarian Foreign Minister for his efforts to promote bilateral cooperation in various fields.
Foreign Minister Qureshi extended an invitation to his Hungarian counterpart, who accepted and stated that he would be visiting Pakistan soon with a business delegation.
