Hungary’s envoy calls on PM Advisor on Commerce

ISLAMABAD, Feb 22 (APP):Hungary’s Ambassador to Pakistan, István Szabócalled called on the Prime Minister’s Adviser on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood here on Friday.
Both sides discussed the issues of bilateral interest in the area of trade and investment, said a testament issued by Ministry of Commerce here.
Hungary has offered technical assistance in the area of agriculture.
Hungary has made impressive progress in agriculture sector by introducing modern technology, research and good agricultural practices.
Agriculture plays a pivotal role in Pakistan’s economy. It accounts for around 20% of GDP.

Agriculture not only furnishes food and raw material but also employment opportunities to a very large proportion of population as well.
However, the agriculture sector is performing far below than its potential due to a number of issues.
The Ambassador informed that meeting of Pak-Hungary Joint Economic Commission would be held in September this year at Budapest.
Pakistan’s major exports to Hungary include cotton, medical apparatus and leather and textile goods.
Hungary has already invested in Oil and Gas sector of Pakistan and its company MOL is operating with local partners.
Both the sides agreed to boost bilateral trade through proactive approach and improved engagement.