Minister welcomes $ 50 credit facility and scholarships offered by Hungary

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ISLAMABAD – Minister of National Food Security and Research Syed Fakhar Imam on Wednesday welcomed a $ 50 million credit facility for food processing and water conservation, in addition to 200 scholarships for Pakistani students offered by the Hungarian government.

Speaking to Hungarian charge d’affaires, Tivadar Takacs, who appealed to him, the imam said the government would strengthen the exchange of the latest food production and water management technologies with Hungary to develop the agricultural sector on modern lines.

He said that a $ 50 million credit facility offered by Hungary in the areas of food processing and water management would help promote the local agricultural sector and water conservation to bring more areas for agricultural production. The minister also discussed the agricultural trade between the two countries and said that Pakistan has immense agricultural capacity which helps to increase local exports.

He hoped Hungary would import agricultural products from Pakistan to strengthen bilateral trade and said cooperation between countries at all levels should be strengthened to move towards sustainable and nature-friendly development.

Fakhar stressed the need for quality education and appreciated the 200 scholarships offered by Hungary to Pakistani students.

The Hungarian charge d’affaires Tivadar Takacs, on behalf of the Hungarian Minister of Foreign Affairs and Trade, Peter Szijjarto, invited Fakhar Imam to participate in the “Planet Budapest 2021 Sustainability Expo and Summit”.

He said thousands of participants from all over the world, including senior United Nations officials, high-level government delegations, eminent scientists as well as renowned representatives from the business and financial sectors will attend the summit.

He said the aim of the summit is to showcase technologies contributing to sustainable development and thus Pakistan can improve its agricultural sector through it.

The Hungarian charge d’affaires said bilateral agricultural trade between the two countries has immense potential. He said that the exchange of agricultural technologies can improve the productivity of agriculture in Pakistan and therefore should be a priority area.

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