Hungary sees a lot of similarities between the two countries and wants to boost economic ties
Peter Szijjarto, the Minister of Foreign Affairs and Trade Hungary expressed his country’s willingness to further strengthen economic ties with Pakistan. The minister was speaking at the Pakistan-Hungary Economic Diplomacy event in Islamabad. Businessmen from both countries also signed a number of Memorandum of Understandings (MoUs) after the event was concluded.
Szijjarto further added that the two countries had cultural and historical similarities. He said that Hungary values and respects Pakistan’s efforts for regional peace.
Shah Mahmood Qureshi, Pakistan’s foreign minister, welcomed the approach and said that Pakistan is looking forward to a detailed engagement with Hungary at the experts’ level. The move will help both sides to benefit from each other’s experiences in different areas including agriculture, water resource management, environment and urban development solutions.
He said the Pakistani market has a lot of scope and Hungarian companies can expand their businesses in the country. He specifically mentioned opportunities in the waste management industry for investors. He hoped that the business communities from both countries will start greater trade and boost economic ties.