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Hungary and Pakistan Launch ‘Commerce and Monetary Window’ to Improve Cooperation

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Hungary and Pakistan Launch ‘Commerce and Monetary Window’ to Improve Cooperation
Foreign Minister Shah Mahmood Qureshi and his Hungarian counterpart Péter Szijjártó virtually launched the online platform ‘Hungary-Pakistan Trade and Economic Window — Newsline/Files

Overseas Ministers of Pakistan and Hungary inaugurated the Pakistan-Hungary Commerce & Financial Window and Pakistan-Hungary Enterprise Dialogue board

Foreign Minister Shah Mehmood Qureshi and Foreign Minister of Hungary Mr. Peter Szijjarto collectively inaugurated the Hungary-Pakistan Commerce and Monetary Window (HPTEW) and the first Hungary-Pakistan enterprise dialogue board proper this second. The event was held on-line.

Welcome remarks of the Overseas Minister Qureshi underline the significance Pakistan connected to Hungary, each bilaterally and throughout the EU. Focusing notably on enhancing bilateral commerce and monetary ties, the Foreign Minister invited Hungarian companies to take advantage of the investor-friendly native climate in Pakistan to enter into joint ventures with Pakistani companies, notably throughout the SEZs beneath the CPEC.

He welcomed Hungarian expertise throughout the fields of agriculture and meals, environment, water helpful useful resource administration, engineering, vocational teaching and concrete planning. Appreciating the bettering monetary cooperation between Hungarian and Pakistan firms, no matter COVID-19, the Foreign Minister moreover highlighted the importance of collaboration throughout the battle in opposition to the pandemic.

The Hungarian Foreign Minister agreed with Foreign Minister Qureshi that boosting linkages in all areas, considerably the monetary system, commerce and enhanced people-to-people exchanges, would end in completely realizing the monetary potential between the two nations. Foreign Minister Szijjarto acknowledged that Hungary’s protection of opening in course of the East would provide an outstanding impetus to Pakistan-Hungary relations.

Foreign Minister Qureshi moreover extended an invitation to the Hungarian Foreign Minister to go to Pakistan at his earliest consolation.

The web event was collectively organized by the All Pakistan Enterprise Dialogue board, Hungarian Export Promotion Firm, Embassy of Hungary in Islamabad, and the Pakistan Embassy in Budapest. Higher than 100 well-reputed Hungarian and Pakistani companies attended the event.

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