Pakistan, Hungary boost trade, business ties

News Image

By MG News | February 07, 2025 at 10:02 AM GMT+05:00

0:00

February 07, 2025 (MLN): Pakistan and Hungary aim to enhance institutional linkages between business communities, facilitate trade delegations, and promote people-to-people exchanges to further strengthen economic ties.

This discussion took place during a meeting with a high-level Hungarian delegation led by Tamás Vargha, Deputy Minister of Defence and Co-Chair of the Pakistan-Hungary Joint Economic Commission, who visited the Special Investment Facilitation Council (SIFC).

The delegation was provided an overview of Pakistan’s evolving investment landscape, pro-business policies, and SIFC’s role as a one-window platform for facilitating strategic investments, according to the press release issued.

He emphasized Pakistan’s commitment to fostering an enabling environment for foreign investors, streamlining regulatory frameworks, and enhancing ease of doing business.

The discussions covered a wide range of bilateral cooperation trade opportunities, investment, and economic partnerships.

Both sides recognized the significant untapped potential for collaboration, particularly in industrial cooperation, technological exchange, and trade expansion.

The Hungarian delegation expressed strong interest in leveraging Pakistan’s strategic location, emerging markets, and growing economic sectors to enhance bilateral trade and investment.

Given Hungary’s expertise in technology, defense cooperation, and industrial development, both parties explored possibilities for joint ventures, knowledge-sharing initiatives, and sector-specific partnerships.

The Hungarian delegation acknowledged Pakistan’s strategic importance as a regional economic hub and a key player in global trade networks.

They recognized Pakistan’s investment-friendly policies, skilled workforce, and expanding industrial base as valuable assets for long-term economic engagement.

This high-profile engagement between SIFC and the Hungarian delegation marks a significant milestone in bilateral relations, setting the stage for greater economic and strategic collaboration.

Both sides reaffirmed the commitment to promote trade and investment and foster long-term partnerships across multiple sectors of the economy.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 132,576.99
161.03M
-0.62%
-826.20
ALLSHR 82,983.68
903.36M
-0.25%
-204.38
KSE30 40,358.80
56.86M
-0.72%
-292.66
KMI30 190,727.32
67.92M
-0.71%
-1356.60
KMIALLSHR 55,698.48
457.08M
-0.27%
-149.22
BKTi 36,242.06
11.15M
-0.50%
-180.82
OGTi 28,323.42
10.71M
-0.40%
-114.19
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 111,555.00 112,170.00
111,420.00
-690.00
-0.61%
BRENT CRUDE 70.18 70.22
69.91
-0.01
-0.01%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
1.45
1.51%
ROTTERDAM COAL MONTHLY 108.00 109.00
107.95
0.90
0.84%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 68.32 68.39
68.04
-0.06
-0.09%
SUGAR #11 WORLD 16.54 16.61
16.08
0.41
2.54%

Chart of the Day


Latest News
July 10, 2025 at 06:22 AM GMT+05:00

MG Morning Breeze: Updates to Skim before Market


July 09, 2025 at 11:58 PM GMT+05:00

Auction Result: Govt raises Rs1.5tr through T-bills


July 09, 2025 at 05:27 PM GMT+05:00

Gold price in Pakistan falls Rs3,000 per tola


July 09, 2025 at 05:26 PM GMT+05:00

UBL crowned top performing Primary Dealer in FY25



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg