Pakistan, Hungary desire to strengthen trade, economic ties


Pakistan and Hungary have expressed the desire to further strengthen cooperation in economic and trade, investment, industry, agriculture, water resource management, information technology, energy, healthcare and pharmaceutical, sports, culture, education and parliamentary exchanges.
This desire was expressed by the two sides during the fifth round of Pakistan-Hungary Bilateral Political Consultations (BPC) held in Budapest.
The Pakistan side was led by Dr Muhammad Tariq, additional secretary (Europe); while Laszlo Varadi, deputy secretary for state cooperation, with South led the Hungarian side. Muhammad Aejaz, ambassador of Pakistan to Hungary, also attended the meeting.
The exchange of views covered the entire spectrum of bilateral relations, including matters relating to political, economic and trade, culture, defence and people-to-people contacts.
The two sides also reviewed the recent developments in bilateral relations and explored the way forward to enhance cooperation in diverse fields.
A review of regional and international issues of mutual interest such as the situation in Afghanistan and the Illegally Indian Occupied Jammu and Kashmir (IIOJK) was part of the parleys.
Both sides expressed satisfaction at the current pace of cooperation after the Hungary-Pakistan Trade and Economic Window (HPTEW) launched in March 2021, and the first Hungary-Pakistan Business Forum inaugurated by the two foreign ministers, as well as the subsequent visit of Foreign Minister Peter Szijjártó to Pakistan in April 2021.
Dr Tariq emphasised the importance of regular high-level exchanges to boost linkages in the areas of mutual interests. The additional secretary also highlighted the measures taken by the government of Pakistan to attract international tourism and bring foreign investment in the country.