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Hungary offers its services in the field of water management, livestock and agriculture

Punjab Board of Investment (1)Lahore: Hungarian Ambassador to Pakistan Istvan Szabo has said that water management, livestock and agriculture are common grounds between the two countries which can further be explored by sharing knowledge and expert skills in key areas of cooperation. He also commended the efforts of Hungarian petrol company for establishment of three gas plants in Khyber Pakhtoonkhwa (KPK) with the investment of US$ 1.4 billion.

Hungarian ambassador made these remarks during a meeting with Chief Executive Officer Punjab Board of Investment and Trade (PBIT) Javaid Akbar and his team held at PBIT office. Hungarian envoy was accompanied by Szanto Attila, First Secretary Embassy of Hungary and Mahtab Mohiuddin, Honorary Consul General of Hungary. Hungarian diplomats were enlightened about the unmatched potential of Punjab as a province. Szabo also took the opportunity to officially request PBIT CEO Javaid Akbar to engage Punjab-based businesses and Non-Government Organizations to attend a major international water event (Budapest World Water Summit) in October 2013.

CEO PBIT Javed Akbar along with PBIT directors also identified Agriculture, Livestock and Irrigation as key areas for cooperation between the two countries. He said that Hungary has the strategic knowledge and expert skills of Animal Breeding while Pakistan has the World’s 3rd largest livestock population.

Lending a hand in shaping the future of trade and investment between the two countries, PBIT also offered to host and facilitate the Hungarian delegation scheduled to visit Lahore in February. Hungarian diplomats were also presented with PBIT shields as souvenirs.

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