Pakistan & Hungary Launch Online Platform To Enhance Trade Links

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ImagePakistan and Hungary have launched a trade and economic window to boost their commercial and economic ties.

The Foreign Minister, Shah Mahmood Qureshi, and his Hungarian counterpart, Péter Szijjártó, virtually launched the online platform ‘Hungary-Pakistan Trade and Economical Window’ on Thursday.

Speaking on occasion, the foreign minister expressed confidence that the window would further enhance their bilateral relations.

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“This round-the-clock online platform will provide credible information and guidance to respective businesses and entrepreneurs,” he added.

Qureshi said that Pakistan deeply values its relations with Hungary both bilaterally and within the European Union (EU).

“It is a matter of satisfaction that despite the ongoing pandemic, the two sides have been working together to cement their economic partnership further.”

The foreign minister stressed a further consolidation in partnership via government-to-government and private sector exchanges.

He added that Pakistan “looks forward to the second session of the Pakistan-Hungary Joint Commission on Economic Cooperation in Islamabad this year.”

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Qureshi expressed Pakistan is open for investment, adding that Hungarian companies can invest in special economic zones and renewable energy, information technology, electric vehicles, and tourism.

He also highlighted the scope for cooperation in the agriculture sector.

Qureshi added that Pakistan has eased visa requirements and that business people, including those from Hungary, can avail the visa on arrival.

Meanwhile, tourists are also being facilitated via online visas.

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Qureshi recalled that several European countries had revised their travel advisory for Pakistan after improving the security situation via economic and structural reforms undertaken by the incumbent government.

He hoped that Hungary would also revise its travel advisory for Pakistan to improve the linkages.

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