Islamabad, October 12, 2022 (PPI-OT):President Dr Arif Alvi has called for increasing bilateral trade volume between Pakistan and Hungary. He was talking to Pakistan’s Ambassador-designate to Hungary Asif Hussain Memon in Islamabad on Wednesday. The President said increase in trade volume from its existing level of 50 million dollars to 150 million dollars will help realize the full potential of bilateral trade, business and investment.

He underscored the need to create linkages between the private sectors of Hungary and Pakistan for forging possible joint ventures in the fields of agriculture, vertical farming, robotics, information technology, water management, flood water management, crop insurance and development of high-yielding seeds.

The President advised the envoy designate to engage the Hungarian Oil and Gas Company (MOL), which had a sizable investment in Pakistan, and encourage it to extend its operations to renewable energy as well. He appreciated the support of Hungary for GSP plus status to Pakistan. He advised the envoy to highlight the true image of Pakistan and the sacrifices rendered by the Pakistani nation to counter terrorism and extremism in the country. He said there is a need to talk about Hindutva philosophy and the increasing trend of Islamophobia in India, which is putting the lives and properties of Muslims under threat.

For more information, contact:
Ministry of Information and Broadcasting
Government of Pakistan
4th Floor, Cabinet Block, Pak. Secretariat, Islamabad, Pakistan
Tel: +92-51-9103557
Email: info@moib.gov.pk
Website: http://www.moib.gov.pk