Budapest, 23 February 2023 (TDI): The Foreign Minister of Pakistan, Bilawal Bhutto Zardari met Hungarian Foreign Minister Peter Szijjarto during his one-day visit to Hungary.

The officials discussed various aspects of bilateral relations between Pakistan and Hungary, especially in the fields of trade and investment, defense, and people-to-people contacts.

Bilawal invited Hungarian companies to take advantage of investment opportunities in Pakistan in a joint press conference with Szijjarto.

Addressing the joint press conference, Bilawal said that Pakistan and Hungary have vast potential to promote mutual and bilateral cooperation in various fields

He stressed that Pakistan and Hungary have maintained close collaboration at various international platforms including the United Nations (UN).

Pakistan is firmly committed to further expanding and developing mutually beneficial cooperation with Hungary in all areas of mutual interest. Bilawal reiterated that his visit to Hungary was the beginning of a new era of relations between Pakistan and Hungary.

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He highlighted that Pakistan aims to further strengthen cooperation with Hungary in trade, investment, agriculture, water resource management, information technology, energy, culture, education, and parliamentary exchanges.

Signing of MoUs

During Bilawal’s visit to Budapest, both countries also signed three Memorandums of Understanding (MoUs) in sports, diplomatic and academic cooperation.

Among them, one MoU pertains to increasing the number of scholarships available to Pakistani students in Hungarian universities to 400. Bilawal said that this initiative of the Hungarian government is commendable.

Bilawal also had a meeting with Maul Company Chairman; Zolt Bernardi and CEO of Vitafort Zrt; Zoltán Kulik in Budapest. They briefed the Foreign Minister about their company’s various activities in the energy sector in Pakistan.

While appreciating the cooperation of Maul Company, Bilawal Bhutto Zardari said that the company has to expand its operations to explore the vast potential of the energy sector in Pakistan.

It is pertinent to note that the Pakistan-Hungary bilateral relations are historically marked by friendship, cooperation, and similarity of views on many important issues.