Pak, Hungary To Increases Trade To US $ 250 Million: Hungary's Envoy
Sumaira FH 13 days ago Wed 13th October 2021 | 01:45 PM
Ambassador of Hungary to Pakistan, Bla Fazekas on Wednesday pledged to increase bilateral trade with Pakistan to US $250 million, paving new avenues for bilateral economic cooperation
ISLAMABAD, (UrduPoint / Pakistan Point News - 13th Oct, 2021 ) :Ambassador of Hungary to Pakistan, Bla Fazekas on Wednesday pledged to increase bilateral trade with Pakistan to US $250 million, paving new avenues for bilateral economic cooperation.
The two countries had potential for bilateral trade in a number of sectors that needed to be further explored and work needed to be done in new areas, he said.
The Ambassador said this in a meeting with the farmer President Islamabad Chamber of Commerce and Industry (ICCI) Zafar Bakhtawari and farmer Vice President, ICCI Ahsan Bakhtawari in embassy of Hungary said a news release issued here.
The Ambassador said few upcoming agreements and Memorandum of Understanding (MoUs) would pave the way for mutual economic cooperation between the two countries which would be signed soon.
He said few practical steps were needed to boost bilateral trade relations between the two countries, on which both countries were working on.
The Ambassador said Pakistan-Hungary Friendship Group of Parliamentarians was playing an important role in improving the relations between the two countries.
He said during the Covid-19, bilateral trade between the two countries had been affected but online and digital meetings were a better solution.
On the occasion, former president of islam Chamber of Commerce and Industry, Zafar Bakhtawari said direct air link between the two countries would not only improve trade relations between the two countries, but also increase people-to-people contacts.
He said every year on average around five million, Pakistanis visit foreign countries for tourism and trade purposes, adding that the Hungary's government was considering this area and wanted to attract them to come to Hungary.
On the occasion, farmer Vice President ICCI, Ahsan Bakhtawari said there were many similarities between the people of Pakistan and Hungary which would help develop economic and trade relations between the two countries.