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Islamabad: According to the latest report, to strengthen their commercial and economic ties, Pakistan and Hungary have established a trade and economic window.

On Thursday, Foreign Minister Shah Mahmood Qureshi and his Hungarian counterpart Péter Szijjártó practically unveiled the “Hungary-Pakistan Trade and Economic Window” online portal.

Speaking at the case, the foreign minister conveyed his optimism that the window would help to strengthen their bilateral ties. He went on to say, “This round-the-clock online platform will provide credible information and guidance to respective businesses and entrepreneurs,”

Pakistani Foreign Minister Shah Mahmood Qureshi said that the country values its bilateral and European Union ties with Hungary. “It is a matter of satisfaction that despite ongoing pandemic, the two sides have been working together to further cement their economic partnership.”, he said.

He said Pakistan “looks forward to the second session of the Pakistan-Hungary Joint Commission on Economic Cooperation in Islamabad this year,” stressing more consolidation of the relationship through government-to-government and private-sector exchanges.

Mr. Shah Mahmood Qureshi, when asked about investment opportunities in Pakistan, said that all economic zones are open for business. Hungarian businesses can invest in special economic sectors, renewable energy, information technology (IT), electric cars, and tourism, he said. In the agricultural sector, he also emphasized the potential for collaboration.

According to Pakistan’s foreign minister, visa conditions have been relaxed, and businesspeople, including those from Hungary, can now apply for visas on arrival. Tourists are also supported by the use of online visas, he said.

Mr. Qureshi recalled that many European countries had updated their travel advisories for Pakistan following improvements in security as a result of the current government’s economic and institutional reforms. He wished that Hungary would update its travel advisory for Pakistan as well, to strengthen ties.

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