Pakistan and Hungry decide to extend cooperation to strengthen economic ties: Report
ISLAMABAD - Pakistan and Hungry decide to extend cooperation to strengthen economic ties, Media Report has claimed.
Prime Minister’s Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood toady said the government will extend full cooperation and support to strengthen trade and economic ties between Pakistan and Hungary.
The Adviser said that agriculture plays a pivotal role in the life of Pakistan’s economy as it accounts for around 20% of GDP.
In a press release issued by Ministry of Commerce in Islamabad today that the Hungarian Ambassador H.E. István Szabó called on the Adviser on Commerce, Textile, Industries and Production and Investment, Abdul Razak Dawood.
He said that agriculture not only furnishes food and raw material but also employment opportunities to a very large proportion of population as well.
He said that both sides agreed to boost bilateral trade and investment through proactive approach and improved engagement.
Ambassador further said that Hungary has already invested in Oil and Gas sector of Pakistan and its company MOL is operating with local partners.