Hungarian FM arrives in Islamabad with high-level delegation to explore business opportunities

Hungary's Foreign and Trade Minister Peter Szijjarto arrives in Islamabad, Pakistan, on April 17, 2025. (Pakistan's foreign affairs ministry)

• Pakistan and Hungary are expected to sign agreements on culture, heritage and visas during the visit
• Pakistan says the two governments want enhanced economic, trade, energy and investment relations

ISLAMABAD: Hungary’s Minister for Foreign Affairs and Trade, Péter Szijjártó, arrived in Islamabad on Thursday with a high-level delegation to explore business opportunities in the country, Pakistan’s foreign office said.
Szijjártó is touring the country on Deputy Prime Minister Ishaq Dar’s invitation, with the two officials scheduled to hold delegation-level talks after one-on-one discussions.
“Hungary’s Minister of Foreign Affairs and Trade, Peter Szijjarto has arrived in Islamabad,” the foreign office said. “He was received at the airport by Muhammad Ayyub, Additional Secretary Europe, Ambassador of Hungary, and other senior officials.”
The foreign office said a day earlier the focus of the two governments was to deepen collaboration in the economic, trade, energy and investment sectors.
It also informed that a number of memoranda of understanding (MoUs) and an agreement on cooperation in the fields of culture (2025–2027), archaeology and cultural heritage, and the abolition of visas for holders of diplomatic passports will be signed between the two countries on the occasion.
“This would be FM Szijjártó’s second visit to Pakistan, aimed at lending positive impetus to enhanced bilateral cooperation and mutually rewarding economic partnership,” the statement said.
Pakistan enjoys cordial relations with Hungary, and this year Islamabad will mark 60 years since the establishment of diplomatic relations with the country.
The two countries enjoy cooperation in energy, with Hungarian oil and gas company MOL Group actively investing in Pakistan’s oil and gas exploration sector since the early 2000s.
MOL Pakistan has invested heavily in exploration and production, especially in Pakistan’s northwestern Khyber Pakhtunkhwa province.
Pakistan has pursued agreements in trade, energy, tourism, livestock, mining and minerals, and other priority sectors with regional allies and Gulf countries in recent months. Islamabad hopes to attract foreign investment in its priority sectors to achieve sustainable growth.
Pakistan formed the Special Investment Facilitation Council (SIFC) in June 2023 to attract international investment in these sectors, mainly from Gulf countries. The SIFC says it aims to fast-track decisions related to investments.