ISLAMABAD, Apr 12: Pakistan and Hungary have agreed to promote economic cooperation in various areas including machine industry, electronics industry, food and agriculture, water management, environmental and energy sectors.
An agreement to this effect was signed in Islamabad.
A joint commission on economic cooperation will also be established to monitor the effective implementation of the agreement and propose recommendations for development of bilateral economic cooperation.
Addressing the signing ceremony, Finance Minister Ishaq Dar said the agreement is a step forward towards closer relations between the two countries.
The Hungarian Deputy Minister Szilveszter Bus said that Pakistan is one of the hubs of economic growth and Hungary looks forward to developing strong economic ties with Pakistan.