{"id":84153,"date":"2022-02-25T16:16:21","date_gmt":"2022-02-25T11:16:21","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=84153"},"modified":"2022-02-25T16:16:27","modified_gmt":"2022-02-25T11:16:27","slug":"pakistan-hungary-collaborate-for-freshwater-ecosystem","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pakistan-hungary-collaborate-for-freshwater-ecosystem.html","title":{"rendered":"Pakistan, Hungary collaborate to develop freshwater ecosystem"},"content":{"rendered":"\n<p>Karachi: Pakistan and Hungary have established a joint venture company \u2013 AquaHatch International Pvt. Ltd \u2013 for the development of a freshwater ecosystem in the country, according to news published on Thursday (February 24). <\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/hungary-pakistan-bilateral-trade-to-rise-to-usd-250-mn.html\" target=\"_blank\" rel=\"noreferrer noopener\">Hungary-Pakistan bilateral trade to rise to USD 250 mn<\/a><\/p>\n\n\n\n<p>The establishment of the company will strengthen bilateral trade ties between the nations. As per the details, an investment of USD 14 million was made for the formation of the company. In the initial stage, the company will set up a pilot run by producing 10 million seeds and supplying them to the <a href=\"https:\/\/www.zameen.com\/news\/work-aqua-business-park-chunian.html\" target=\"_blank\" rel=\"noreferrer noopener\">fish farms<\/a>. It was disclosed that 100 acres of land have been acquired for the setting up the operations, which will be increased to 50 million seeds in the future.<\/p>\n\n\n\n<p>AquaHatch CEO Muhammad Faisal Iftikhar Ali stated that the existing hatcheries are unable to meet the requirements of the country. So that\u2019s why there is a reliance on imported seeds. AquaHatch is established to meet the increasing demand.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/hungary-offers-to-help-lahore-with-water-crisis.html\" target=\"_blank\" rel=\"noreferrer noopener\">Hungary offers to help Lahore with water crisis<\/a><\/p>\n\n\n\n<p>Moreover, Minister of State and Chairman of the Board of Investment (BoI) Muhammad Azfar Ahsan stated that both countries will benefit from this agreement and generate employment opportunities. He notified that Pakistan has received Foreign Direct Investment (FDI) from Hungary, worth USD 42.5 million, and USD 21.2 million in 2020, and 2021 respectively. Reportedly, the BoI chairman mentioned that the first round of negotiations between the countries for the signing of the Bilateral Investment Treaty was held in Islamabad. He added that Pakistan\u2019s fishing industry has immense potential. The company headquarter is located in the hatchery belt in Sultanabad in district Thatta, Sindh. It is established to harness the local skill potential and provide alternate livelihoods.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan and Hungary have established a joint venture company \u2013 AquaHatch International Pvt. Ltd \u2013 for the development of a freshwater ecosystem in the country, according to news published on Thursday (February 24). Read: Hungary-Pakistan bilateral trade to rise to USD 250 mn The establishment of the company will strengthen bilateral trade ties between the nations. As per the details, an investment of USD 14 million was made for the formation of the company. In the initial stage, the company will set up a pilot run by producing 10 million seeds and supplying them to the fish farms. It was disclosed that 100 acres of land have been acquired for the setting up the operations, which will be increased to 50 million seeds in the future. AquaHatch CEO Muhammad Faisal Iftikhar Ali stated that the existing hatcheries are unable to meet the requirements of the country. So that\u2019s why there is a reliance on imported seeds. AquaHatch is established to meet the increasing demand. Read: Hungary offers to help Lahore with water crisis Moreover, Minister of State and Chairman of the Board of Investment (BoI) Muhammad Azfar Ahsan stated that both countries will benefit from this agreement and generate&hellip;<\/p>\n","protected":false},"author":75,"featured_media":80641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016,15020],"tags":[51321,51320],"persona":[],"class_list":{"0":"post-84153","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"category-social-developments","9":"tag-aquahatch-international-pvt-ltd","10":"tag-hungary-collaborate-to-develop-freshwater-ecosystem","11":"cat-15016-id","12":"cat-15020-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pakistan, Hungary collaborate for freshwater ecosystem - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Pakistan and Hungary have established a joint venture company \u2013 AquaHatch International Pvt. Ltd \u2013 for the development of a freshwater ecosystem\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pakistan-hungary-collaborate-for-freshwater-ecosystem.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistan, Hungary collaborate for freshwater ecosystem - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Pakistan and Hungary have established a joint venture company \u2013 AquaHatch International Pvt. Ltd \u2013 for the development of a freshwater ecosystem\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pakistan-hungary-collaborate-for-freshwater-ecosystem.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2022-02-25T11:16:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-02-25T11:16:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2021\/10\/Hungary-PAK.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1170\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Hazafa Hasan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Hazafa Hasan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Pakistan, Hungary collaborate for freshwater ecosystem - Zameen News","description":"Karachi: Pakistan and Hungary have established a joint venture company \u2013 AquaHatch International Pvt. 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