President Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhtawari leading a delegation on Tuesday visited the Embassy of Hungary and held a meeting with Ambassador of Hungary Bela Fazekas to explore avenues for promoting bilateral trade and economic relations between both countries.
Addressing the delegation, the Ambassador of Hungary welcomed the ICCI delegation and said that Hungary and Pakistan need to increase bilateral trade and economic relations to get mutual benefits, said a news release here.
He stressed close collaboration between the national and regional chambers of commerce of both countries to explore all untapped areas for business cooperation. He said direct B2B meetings between the private sectors of both countries can play an effective role in strengthening bilateral trade ties. He assured that his Embassy would cooperate in promoting business linkages between the two countries to further improve bilateral business and investment relations.
Ahsan Zafar said that bilateral trade of around US$ 80 million between Pakistan and Hungary is not reflective of their actual potential and there is a great potential to increase it.
Both countries should develop close cooperation between their SMEs that will help boost business relations to their real potential, he added.—APP
