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Pakistan and Hungary have agreed to enhance economic cooperation, particularly in Punjab, focusing on mutual investment in sectors like agriculture, textiles, and electric vehicles. This agreement was reached during a meeting between Punjab's Provincial Minister Chaudhry Shafay Hussain and Hungarian Ambassador Zoltan Varga, which included discussions on organizing a business-to-business conference.

The Punjab government offers special incentives, such as a ten-year income tax exemption and duty-free machinery imports for investors in Special Economic Zones. Hungarian companies are invited to explore opportunities, including setting up a battery recycling plant. A Hungarian investor delegation is expected to visit Punjab soon to strengthen trade relations.