Hungary delegation's visit will mark a new era in bilateral relations: FM Qureshi

ISLAMABAD (92 News) – Foreign Minister Shah Mahmood Qureshi has said that the visit of the Hungary delegation will mark a new era in the bilateral economic relationship.

Addressing Pakistan-Hungary Economic Diplomacy Conference on Friday, he said that Pakistan was diverting its attention from geopolitical to geo-economic.

"We will benefit from expertise of the Hungary government in different fields, including agriculture, water resource management, environment and urban development," he maintained.

He said that Pakistan is a huge market for the Hungarian companies to expand their businesses. "There is an opportunity for Hungarian waste management companies to invest in Pakistan."

Shah Mahmood Qureshi said that economic diplomacy is a major component of Pakistan's foreign policy. "We are crafting new avenues of partnership with the rest of the world," he added.

Speaking on the occasion, Hungary Minister of Foreign Affairs and Trade of Peter Szijjarto said his country attaches special importance to this region because of cultural and historical similarities as well as the security reasons. "Hungary really values and respects the contributions that Pakistan has been making to ensure security and stability of the region," he maintained.

Later, the businessmen from both sides signed a number of MOUs for cooperation in different fields.