Pak­istan to hold trade ex­hi­bi­tion, busi­ness fo­rum in Hun­gary

Pakistan Observer - - ECONOMY WATCH -

MIAN AR­SHAD ISLAMABAD—In a bid to en­hance Pak­istan’s ex­ports in the East­ern part of Europe, Pak­istan will hold trade ex­hi­bi­tion and a Busi­ness Fo­rum in Hun­gary. The Hun­gar­ian Ex­port Im­port (Exim) Bank is open for credit lines, which will pro­vide the cru­cial fi­nan­cial fa­cil­ity for en­hanc­ing mu­tual trade. More­over, Hun­gary is open­ing its busi­ness of­fice in Karachi which will be help­ful in es­tab­lish­ing busi­ness-to-busi­ness con­tacts and pro­vide first hand op­por­tu­ni­ties of trade and in­vest­ment aris­ing in both coun­tries.

These ob­ser­va­tions were made in a meet­ing be­tween Min­is­ter for Com­merce Engr. Khur­ram Dast­gir Kahn and Hun­gar­ian am­bas­sador Ist­van Sz­abo here. The Am­bas­sador in­formed the Min­is­ter that both Pak­istan and Hun­gary could sign Eco­nomic Co­op­er­a­tion Agree­ment on the lat­ter’s visit to Hun­gary as the Hun­gar­ian Gov­ern­ment had al­ready for­warded the Agree­ment to the Euro­pean Union for their com­ments. Sz­abo handed over the in­vita- tion to Dast­gir to visit Hun­gary by the Min­is­ter of State of Eco­nomic Diplo­macy of the Min­istry of For­eign Af­fairs and Trade of Hun­gary Levente Mag­yar.

Hun­gary is also prov­ing 80 schol­ar­ships to Pak­istani stu­dents in or­der to im­part the tech­ni­cal ex­per­tise achieved by the Hun­gar­ian in­sti­tu­tions and to link-up the peo­ple of two coun­tries. He said that since the visit of the Min­is­ter of Eco­nomic Diplo­macy of Hun­gary there is a grow­ing im­pres­sion in Hun­gary that Pak­istan’s econ­omy has sta­bi­lized and coun­tries like Hun­gary can com­ple­ment Pak­istan’s trade and in­vest­ment po­ten­tial. He said that these is an in­creased in­ter­est among Pak­istani busi­ness­men to trade with Hun­gary as is ev­i­dent from the busi­ness visas which in­creased 10% last year.

Dast­gir in­formed the Am­bas­sador that Pak­istan lacks in­vest­ment in the agri­cul­tural tech­nol­ogy, food pro­cess­ing, dairy pro­cess­ing, in­fra­struc­ture build­ing, re­new­able en­ergy, in­for­ma­tion tech­nol­ogy, water man­age­ment and trans­porta­tion and waste man­age­ment and the Hun­gar­ian com­pa­nies can ben­e­fit from that.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.