Hungary’s policy of opening to the East has boosted Hungarian-Pakistani ties, with the volume of bilateral trade growing by 12 percent in 2020, the foreign minister said on Thursday.
Péter Szijjártó and his Pakistani counterpart, Shah Mahmood Qureshi, opened an online business forum with 40 Hungarian and 60 Pakistani participants and held bilateral talks.
Speaking to MTI after the event, Szijjártó noted that Hungary’s MOL is one of the largest foreign investors in Pakistan, making with its oil and gas production an important contribution to that country’s energy supply.
Meanwhile, Hungarian Eximbank has opened an 83 million dollar credit line to fund cooperation between Hungarian and Pakistani companies in view of ongoing talks in sectors like the food industry, cyber security and manufacturing medical equipment, Szijjártó said.
He also highlighted the importance of higher education, and noted the 200 government grants offered to Pakistani students at Hungarian universities.
featured image via Péter Szijjártó’s Facebook page