Hungary to provide $84m credit line, scholarships to Pakistani students.
Hungarian FM also announces $50 million for a tied aid during maiden visit to Islamabad.
“We have established a credit line at Hungarian EXIM bank to the extent of $84 million, which is exclusively to serve the enhancement of business-to-business cooperation between Pakistani and Hungarian companies,” Minister of Foreign Affairs and Trade of Hungary Péter Szijjártó said in a joint press stakeout with Foreign Minister Shah Mahmood Qureshi.
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“We are ready to provide $50 million for a tied aid credit programme to be launched in Pakistan in the fields of agriculture, water, industry and food processing,” he added.
The foreign minister told the media that Hungary had also expressed interest in starting direct flights to Pakistan to enhance people-to-people contacts and promote business activities.
They agreed that the FATF should not be used as political tool rather only for checking money laundering and terror financing.