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Companies from Hungary intend to invest in Pakistan

Hungary’s large corporations in the food, technological, medical, and information technology sectors planned to invest in Pakistan, according to Foreign Minister Peter Szijjarto.

On Thursday, Pakistan and Hungary unveiled the ‘Trade & Economic Window,’ a platform for collaboration in a variety of industries and the exploration of joint ventures in energy, information technology, and tourism.

Foreign Minister Qureshi and his Hungarian colleague Peter Szijjarto established the Hungary-Pakistan Trade & Economic Window and the first bilateral Business Forum via video link, marking a major step forward for the Ministry of Foreign Affairs in terms of economic diplomacy.

Foreign Minister Qureshi said the opening of the Trade & Economic Window would increase Pakistan-Hungary collaboration in a variety of fields, including energy, alternative energy, information technology, food, and tourism.

Qureshi stated that Pakistan was prepared to host the Pakistan-Hungary Joint Economic Commission’s second meeting soon. He also said that strengthening high-level ties between the two countries might improve bilateral commerce volume.

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