Pakistan, Hungary agree to enhance bilateral ties in diverse fields

Islamabad, April 30, 2021 (PPI-OT): Pakistan and Hungary have agreed to enhance bilateral cooperation in areas of mutual interest, including agriculture, food, environment, water resources, engineering, vocational training and urban planning. The understanding was reached at a meeting between Foreign Minister Shah Mahmood Qureshi and his Hungarian counterpart Peter Szijjarto in Islamabad on Friday.

Shah Mahmood Qureshi said the incumbent PTI government has been focusing on geo-economic priorities. He said Pakistan, with a population of 220 million, is an emerging market that offers enormous investment opportunities. He said the under-construction nine Economic Zones under China-Pakistan Economic Corridor offer ample investment opportunities.

The Minister said the government’s initiative of E-visa for the foreign investors has yielded encouraging results. He said several lucrative incentives are being provided to investors, including tax exemption. Shah Mahmood Qureshi said Pakistan will continue its reconciliatory efforts for peace and stability in the region, including Afghan peace process.

The Foreign Minister of Hungary lauded Pakistan’s efforts for peace in the region, including the peace process in Afghanistan. He hinted at carrying out joint efforts to further strengthen bilateral trade, economic and political relations.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk

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