Pakistan, Hungary for developing platform to accelerate bilateral trade, investment

by index360

Lahore: Pakistan is one of the important trade partners of Hungary and both countries have the ability to further strengthen mutual trade and economic ties, said Istavan Grafi, the Commercial Counselor of Hungarian Embassy in Pakistan on Thursday.

While talking to a team of All Pakistan Business Forum, Grafi said efforts were required to transform cordial relations into two-way trade for enhancing economic prosperity in both countries.

The Commercial Counselor dilated on the similarities between Pakistan and Hungary, saying like Pakistan, agriculture remains the foundation of Hungarian economy. The country has, however, adopted a scientific approach and different modern technologies in making its agricultural practices efficient with a much higher per acre yield. Pakistan can greatly benefit from Hungary’s experience in this regard, he added.

he appreciated the APBF efforts for enhancing bilateral trade, technology transfer, joint ventures and people to people contact between the two countries.

He said that his Embassy is focused on a wide range of programs to collaborate with Pakistan including trade, education, public diplomacy, culture, gender equity, and development to seek good partners.

Both sides agreed to continue boosting bilateral trade and investment through proactive approach and improved engagement. Hungarian side offered technical assistance in the areas of agriculture, livestock, fisheries and food processing.

APBF President Syed Maaz Mahmood on this occasion said that APBF is already working with the Hungarian Embassy in Pakistan and committed to make this relationship stronger in future. He said that the APBF has earlier signed a Memorandum of Understanding with the Embassy of Hungary to promote trade links through exchanges of business delegations to nurture closer understanding between Pakistan and Hungary.

APBF president said the Forum will extend full cooperation and support to strengthen trade and economic ties between Pakistan and Hungary. He said that the Forum through the Hungarian Embassy will arrange B2B meetings, conducting business delegation visits for sector specific match-making and interaction between development initiatives and the stakeholders.

He said that these activities will also increase educational ties and support on social development, especially for the development of Women Entrepreneurs. This collaboration will promote, trade, health, education, culture, gender equity and other development programs in Pakistan, he added.

We are effectively striving to bring business leaders, chambers and associations on a united platform to endeavor for a strong and prosperous Pakistan with sustainable growth, ensured through effective policies followed in continuity, resulting in better quality of life for the people of Pakistan, he added.

APBF Secretary General Khurram Niaz Khan informed that the Forum has made numerous valuable contributions towards the progress and growth of the national economy. We are making consistent efforts to identify and engage resourceful organizations and entrepreneurs to create new opportunities and mutual benefits through our shared values and wisdom, he added.

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