Alvi for improving trade ties with Hungary

Seeks investment in energy, food processing, pharmaceuticals

ISLAMABAD: Pakistan attaches great importance to its relations with Hungary and the country is keen to strengthen them at the bilateral level and in the context of European Union, said President Dr Arif Alvi.

Speaking to Pakistan’s Ambassador-designate to Hungary Muhammad Aejaz on Tuesday, the president stressed the need for exploiting the true potential of trade between the two nations.

Alvi added that Pakistan offered a wide range of opportunities for investment, especially in the areas of energy, agriculture, food processing and pharmaceuticals.

He urged the ambassador-designate to make all-out efforts to promote Pakistan’s economic and commercial interests in Hungary and utilise the existing institutional mechanisms.

The president pointed out that Pakistan’s location at the crossroads of South, Central and West Asia made it a good strategic and economic partner of Hungary, especially in the context of Hungarian policy of ‘Eastern Opening’.

He praised Hungarian petroleum company MOL which was doing a profitable business in Pakistan and asked the ambassador-designate to encourage other Hungarian companies to follow MOL’s success model. Referring to the government’s efforts to promote tourism, he urged the ambassador-designate to encourage exchange of tourists and people-to-people contacts between the two sides.

Published in The Express Tribune, December 4^th, 2019.

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