HUNGARY-PAKISTAN Trade and Economic Window Launched.

Pakistan and Hungary on Thursday launched the 'Trade and Economic Window' for collaboration in diverse fields and explore joint ventures in energy, information technology and tourism sectors of both county. According to press release issued here by the APBF, Foreign Minister Shah Mahmood Qureshi and his Hungarian counterpart Peter Szijjarto, through video-link, launched the Hungary-Pakistan Trade and Economic Window on initiative of the All Pakistan Business Forum (APBF) and the Hungarian Export Promotion Agency (HEPA). Ambassador to Hungary Dr. Muhammad Aejaz, Hungarian Ambassador to Pakistan Bela Fazekas, APBF President Syed Maaz Mahmood and APBF Chairman Ibrahim Qureshi also addressed the online session where B2B meetings of both Pakistan and Hungarian business community was also arranged by the APBF.

Speaking on the occasion, Foreign Minister Qureshi hailed the efforts of APBF to open the Trade and Economic Window, saying the move would strengthen cooperation between Pakistan and Hungary in a number of areas including energy, alternative energy, information technology, food and tourism. Qureshi announced that Pakistan was ready to host the second meeting of the Pakistan-Hungary Joint Economic Commission in near future. He mentioned that promotion of high-level ties between the two countries could increase the volume of bilateral trade. He said according to the vision of Prime Minister Imran Khan, the government was shifting focus from geopolitics to geo-economics.

Qureshi said as per global business rankings, Pakistan's position was improved by 28 points due to the government's economic policies. He said Pakistan attached special importance to its bilateral relations with Hungary and thanked the government of Hungary for providing scholarships to the Pakistani students. Hungary's Foreign Minister Peter Szijjarto said...