Foreign Minister Shah Mahmood Qureshi on Thursday discussed bilateral relations, cooperation in various sectors and matters of mutual interest with Ambassador of Hungary to Pakistan Béla Fazekas in Islamabad.
According to the details, Shah Mahmood Qureshi said that Pakistan deeply values its relations with Hungary, adding that the growing bilateral trade, investment and economic cooperation despite the COVID-19 challenge is a positive development.
During the meeting, they also exchanged views about the expected visit of the Foreign Minister of Hungary to Pakistan.
The Hungarian Ambassador, on the occasion, assured his country’s every possible cooperation for promotion of trade and economic cooperation between the two countries.
In March this year, Foreign Minister Shah Mahmood Qureshi and Foreign Minister of Hungary Mr. Peter Szijjarto jointly inaugurated the Hungary-Pakistan Trade and Economic Window (HPTEW) and the first Hungary-Pakistan business forum today. The event was held online.
Foreign Minister Qureshi, in his welcome remarks, underlined the importance Pakistan attached to Hungary, both bilaterally, and within the 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 SEZs under the CPEC.
He welcomed Hungarian expertise in the fields of agriculture and food, environment, water resource management, engineering, vocational training and urban planning.
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.