Staff Reporter
Lahore
The All Pakistan Business Forum (APBF) Tuesday signed a Memorandum of Understanding (MoU) with the Hungarian Export Promotion Agency (HEPA) to promote trade links through exchanges of business delegations to nurture closer understanding between Pakistan and Hungary.
President APBF Syed Maaz Mahmood inked the MoU on behalf of his association while HEPA CEO Balázs Hendrich represented his agency. The APBF office-bearers who witnessed the signing ceremony included Khurram Niaz Khan, Amir Munir Malik, Amir Barry while Hungarian embassy officials consisted of Ambassador István Szabó, Deputy Head of Mission Tivadar Takács and Dr. István Grafjódi.
Addressing the ceremony, APBF President Syed Maaz Mahmood said the Forum will extend full cooperation and support to strengthen trade and economic ties between Pakistan and Hungary. He said that the Forum through the Hungarian Embassy will arrange B2B meetings, conducting business delegation visits for sector specific match-making and interaction between development initiatives and the stakeholders.
He said that APBF is striving to bring business leaders, chambers and trade associations on a united platform to endeavor for a Pakistan with sustainable growth.
On this occasion, Ambassador of Hungary István Szabó called for creating a trilateral trade bloc of Pakistan, Hungary and Turkey with a view to eliminate barriers to investment among these nations, besides exploiting huge trade potential.
He appreciated the efforts of APBF to promote bilateral trade and joint ventures between business community of Pakistan and Hungary. He said that the serious and result oriented work of APBF convinced him to get HEPA engaged with APBF to bring the business communities of the two countries closer.
Both sides agreed to boost bilateral trade and investment through proactive approach and improved engagement.
