Investment protection: Pakistan, Hungary likely to sign accord next year

The Hungarian Ambassador was talking to the members of FCCI.


Imran Rana November 27, 2013
The envoy also backed the signing of a memorandum of understanding between the FCCI and the Hungarian Chambers of Commerce aimed at increasing bilateral trade. PHOTO: FILE

FAISALABAD:


Hungary has expressed interest in promoting bilateral trade with Pakistan and also underlined the need for projecting a positive image of the country for an easy inflow of foreign investment.


Hungarian Ambassador Istvan Szabo said this while talking to members of the Faisalabad Chamber of Commerce and Industry (FCCI) on Wednesday.

He said various Hungarian companies had invested in Pakistan and were doing successful business. He said that there was enormous potential for foreign companies in the sector. He also backed the signing of a memorandum of understanding between the FCCI and the Hungarian Chambers of Commerce aimed at increasing bilateral trade.

The ambassador expressed the hope that “Protection of Investment” agreement would be signed between the two countries sometime next year in an effort to explore and step up trade and investment.

Published in The Express Tribune, November 28th, 2013.

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