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Old June 25th, 2008, 11:39 AM   #421
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Makro to invest $300m in Pakistan

Wednesday, June 25, 2008
ISLAMABAD: Prime Minister Syed Yousuf Raza Gilani on Tuesday said all economic sectors in Pakistan are open to foreign direct investment and a Level-playing field is provided to both local and foreign investors allowing 100 per cent foreign equity.

He was talking to Farhad Zulfiqar, Executive Chairman Makro Habib Pakistan, a joint venture between Makro Cash and Carry, a leading Dutch wholesaler of food and non-food products in Asia and South America and House of Habib, who called on him here at the PM House this morning.

Farhad Zulfiqar told the prime minister that Makro Cash and Carry has 172 stores worldwide including in five countries of Asia and four countries of South America and has an annual turnover exceeding four billion euros. In Pakistan the company has so far set up 4 stores in Karachi and Lahore, and plans to set up 30 stores, he said.

In his presentation Marek Andrej Minkiewicz, the CEO and Managing Director of Makro Stores in Pakistan informed the Prime Minister that Makro Habib plans to invest around $300 million in the next four years, out of which $200 million will be remitted as foreign direct investment.
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Old November 24th, 2008, 12:50 PM   #422
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@ Mods can the title of this thread please be changed to "Pakistan's Retail Industry"? Thanks.

Consolidation In Pakistan's Retail Sector

Jawaid Abdul Ghani

This paper reviews changes which occurred over the last decade in the retail sector in urban Pakistan, in terms of a decrease in traditional ‘kiryana’ stores, an increase in general stores, and the emergence of new formats such as superstores, malls, and retail chains. These trends are discussed in the context of broader socio–economic changes, including growth in the urban middle class and disposable incomes. The paper discusses similar trends that occurred in the late nineteenth century in North America and Europe, the recent rise in international retailing, and the possibility of global retailers such as Germany's Metro and the French Carrefour, entering the Pakistani market. The entry of such firms has often resulted in profoundly altering the retail landscape, as has been the experience in the less developed markets of East Europe, Latin America, and the Asia Pacific region.

It is estimated that in 2002, about 6.8 million of the 50 million people living in urban Pakistan belonged to the upper and upper–middle class, and represented a grocery market worth $1.7 billion. This segment, projected to grow to 17 million people by the year 2010, is expected to be the first to switch to modern retail stores. This paper projects the impact global retailers might have on Pakistan's retail landscape.

http://ajc.sagepub.com/cgi/content/abstract/2/2/137

You have to pay to get access to the full paper.

A bit old, I know, but I just wanted to share it as it has valuable information in it.
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Old November 27th, 2008, 05:10 AM   #423
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CARREFOUR to enter Pakistan

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October 21, 2008 |

Plnet Retail 20 Oct 2008

Carrefour is to enter Pakistan through its franchise partner in the Middle East, Majid Al Futtaim Group (MAF). It has started construction of its first store at Fortress Stadium, Lahore. According to press reports, the retailer has already signed up five stores so far in Pakistan and has plans to open at least ten stores in Lahore, Karachi, Islamabad and Faisalabad in the coming five years. The entry into the Pakistani market will make Carrefour the first hypermarket operator in the country.

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Old November 27th, 2008, 05:11 AM   #424
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MAF expands to Pakistan

Sarmad Khan and Vivian Salama

* Last Updated: October 21. 2008 8:02PM UAE / October 21. 2008 4:02PM GMT

DUBAI // MAF Hypermarkets, a subsidiary of Dubai’s Majid Al Futtaim Holding, is planning to open seven hypermarkets in five Pakistani cities within the next two years, a senior official said yesterday.

Mansoor Bajwa, the commercial consul at the Pakistan Consulate in Dubai, said the first of the seven Carrefour stores would open in Lahore by the end of this year.

According to reports in Pakistan’s media, the investment by MAF Hypermarkets could be in excess of US$1 billion (Dh3.67bn). The reports said MAF could open as many as 10 Carrefour stores in the next five years, citing a meeting between the officials of MAF Hypermarkets Pakistan, a fully-owned subsidiary of MAF Hypermarkets, and Saleem H Mandviwala, the chairman of the Board of Investment (BoI), a Pakistan government body tasked with promoting and regulating foreign direct investments in Pakistan.

Mr Bajwa said he could not disclose the total size of the investment. “We have no idea what the total investment would be, but setting up a major chain of stores would take substantial investment.”

Officials with MAF Hypermarket were unavailable for comment on the deal, however the company’s official website confirms that it plans to open 10 Carrefour hypermarkets in the next 12 months in Pakistan, Syria, Iran and Bahrain.

Mr Bajwa said the UAE investors were initially planning two Carrefour store in Lahore – construction of the first is already under way at a cost of 1.2bn Pakistani rupees (Dh54 million) – two stores in Karachi and one each in Islamabad, Multan and Faisalabad.

“These stores will be open by 2010 and will create direct employment for 5000 people,” he said. “We have facilitated the negotiations between BoI and MAF Hypermarkets and worked on this deal for over a year.”

Mr Bajwa said that Pakistan, with a population of 170 million, was an attractive market for any retail chain. “The market is wide and there are ample opportunities for growth.”

MAF Hypermarkets owns and operates a wide portfolio of hypermarket chains in the UAE, Saudi Arabia, Egypt, Qatar, Jordan, Oman and Kuwait. It also has a joint venture with France-based Carrefour, the world’s second-largest retailer.

MAF Group earlier this month announced that it would invest $1bn in Syria to build a mixed-use development complete with a hotel, serviced apartments and a mall anchored around a major Carrefour store.

MAF’s entry into Pakistan’s retail sector is the first major announcement of foreign direct investment in the politically shaken nation since its former president, Pervez Musharraf, resigned in August.

Pakistan is facing tough economic times as the country’s foreign exchange reserves are fast dwindling, from $14.3bn in June last year to $4.7bn last month, while the rupee has lost 25 per cent of its value this year and the stock market has dropped 35 per cent, according to a recent International Monetary Fund (IMF) report.

A Pakistani delegation is meeting with an IMF team in Dubai to discuss a rescue package to avoid a balance of payment crisis.

According to an IMF spokesman, there will be several meetings in the next few days before a conclusion is reached.

Foreign direct investment in Pakistan increased from $4.48bn for the 2005-2006 fiscal year to $8.4bn for the 2006-2007 fiscal year. The trend reversed as political instability shook the country and fell back to $5.19bn in the fiscal year that ended in June.

Still, Pakistan’s proximity to the Gulf and close ties with Gulf investors are expected to keep the country in the investment spotlight, if it remains relatively stable politically.

UAE and Pakistani officials had begun discussions regarding large-scale land sales to UAE investors for agricultural use, however the pace of negotiations for investments up to $500m in agricultural land has slowed down as the security situation in Pakistan deteriorates. UAE investors have significant investments in Pakistan’s banking, telecoms and property sectors, and the UAE is the largest single foreign direct investor in Pakistan.

skhan@thenational.ae
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Old November 27th, 2008, 05:27 PM   #425
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Quote:
Originally Posted by malpensa View Post
CARREFOUR to enter Pakistan

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October 21, 2008 |

Plnet Retail 20 Oct 2008

Carrefour is to enter Pakistan through its franchise partner in the Middle East, Majid Al Futtaim Group (MAF). It has started construction of its first store at Fortress Stadium, Lahore. According to press reports, the retailer has already signed up five stores so far in Pakistan and has plans to open at least ten stores in Lahore, Karachi, Islamabad and Faisalabad in the coming five years. The entry into the Pakistani market will make Carrefour the first hypermarket operator in the country.

Copyright www.planetretail.net
It's great news that more and more supermarkets are opening in Pakistan. This will improve hygiene standards considerably. Vast majority of middle class people already shop at places like Makro.
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Old February 13th, 2009, 09:18 AM   #426
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YesTeRday I sAw d Board
26 maRch 2009[]
oPenIng ceRemOny Of Metro
:

MeTrO TyMingz 7:00 AM - !!:00 PM

y u meRge mY pOSt KB..I haTe yOu

Last edited by sourierservice; March 23rd, 2009 at 09:37 PM.
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Old March 26th, 2009, 08:14 AM   #427
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Metro Cash & Carry Karachi

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KARACHI: March 25 – Sindh Governor Dr. Ishratul Ebad Khan addressing during the inauguration of Metro Cash & Carry Pakistan. APP photo by M. Toheed

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Sindh Governor Dr. Ishratul Ebad Khan visiting the different sections after the inauguration of Metro Cash & Carry Pakistan. APP photo by M. Toheed

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Sindh Governor Dr. Ishratul Ebad Khan visiting the different sections after the inauguration of Metro Cash & Carry Pakistan. APP photo by M. Toheed
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Old March 26th, 2009, 11:08 AM   #428
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Don't mind my ignorance, but is that a real shark?
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Old March 26th, 2009, 12:22 PM   #429
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the german guy on the left looks scared as hell of the shark .........loll
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Old March 26th, 2009, 12:58 PM   #430
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the german guy on the left looks scared as hell of the shark .........loll
these people are from Holland, not Germany.
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Old March 26th, 2009, 01:57 PM   #431
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Metro Cash & Carry Karachi, Pakistan.

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Old March 26th, 2009, 02:41 PM   #432
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Good collection of pictures.............
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Old March 27th, 2009, 06:36 AM   #433
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Old April 23rd, 2009, 06:52 AM   #434
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Quote:
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these people are from Holland, not Germany.
METRO Cash & Carry is a German company - Makro is (was?) Dutch.

And, to be more specific, the guy being referred to is neither Dutch nor German.
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Old April 23rd, 2009, 06:56 AM   #435
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Has anyone seen the billboard on Mian Meer bridge, Lahore? It says that "Hyper-(something) opening soon at Fortress Stadium" and the logo resembles that of Carrefour, however, instead of a "C" it has an "H". Any idea what's going on? Did Carrefour rebrand its name in Pakistan? Or did it exit Pakistan because of the poor economic climate?
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Old April 23rd, 2009, 10:50 AM   #436
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See recent postings in the Lahore projects thread.
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Old June 28th, 2009, 05:51 AM   #437
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Hyperstar is a city within the city which houses all the things you need in the most organised manner

By Aziz Omar

For most of our lives, we have only been used to shopping from the local general store around the corner. Be it an oil can, a carton of milk, refreshments and snacks for the unexpected guest; all were procured as the need arose. Then we witnessed the arrival of the departmental stores with their shelves stacked with sundry grocery and other domestic items, all arranged in aisles. Bulk shopping started to catch on and entailed wheeling a trolley or cart and loading it up with enough stuff to last a couple of weeks to a month. Departmental stores such as HKB and Al-Fateh have even added a couple of floors besides the main grocery level that house clothes, crockery, electronics and some specialty household items. However, there is just so much that these stores can stock and hence start to become cramped due to size and space limitations.

Within the last year or so, stores such as Metro and Makro have emerged as the giants of the shopping market world of Lahore. Recently, another sprawling shopping arena has joined their ranks. Hyperstar started its operations within the past month or so and is located behind Fortress Stadium near Bundu Khan restaurant. I recall that this was also the same place that used to serve as the venue for the industrial exhibition that had been an annual event throughout my childhood.

To access the Hyperstar's premises, one has to pass through the general security check post at the two or three entry points around the stadium. Upon reaching the behemoth structure, one has to drive around it and enter the car parking structure that has been constructed alongside the shopping mall. A high-tech car undercarriage scanner has been installed to counter any possible terrorist threat a la mode PC Peshawar and Police 15 building in Lahore. There are two massive levels of car parking that seem sufficient to cater to a peak time rush.

Customers are able to enter the shopping section from both the parking levels. Two gangways lead from the upper parking level to the shopping one, one each for entering and exiting. At the entry point to the actual shopping area, everyone has to pass through the familiar metal detecting doorway. It is more like a portal to a new world, as on the other side one comes face-to-face with rows upon rows of chock-a-block of virtually all items of personal and domestic use. There are mini streets where you have shelves with consumables. Come to think of it. The inside of Hyperstar does seem like a mini city, with all the signs to guide and direct the temporary citizens, the customers to various destinations. And to navigate amongst these lanes, one has to avail the services of the resident shopping cart that dwarfs its counterparts in the so-called departmental stores. All the edible food items are housed in the ground floor, with the rest being stocked on the first one. There are pots and pans of all shapes and sizes, dishware, cutlery in styles and glassware with myriad designs. There are racks upon racks of footwear, clothes for every age group of both genders.

The most eye-catching are the consumer electronics with their flashy exteriors and mind-boggling functions. Plasma and LCD screens overwhelm the average consumer with crisp images that seem to be as close to the real world as possible. The best thing about this section is the level of interaction that one can achieve as compared to other venues offering similar products. One can have a hands-on experience with even the laptops that are on display, especially with the top of the line ones such as Apple's MacBook Pro. You can immerse yourself to your heart's content in its feature rich software and see for yourself why it is touted to be the dream machine of the computing world.

Of course, the ideal reason to shop from Hyperstar would be to have all the possibilities under one roof, but an added benefit is also the lower-than-market prices and bargains that one is able to grab at such an establishment. For instance, on just one purchase of a box of 12 milk cartons, one is able to save Rs. 50 of the usual cost price. Similarly, on a shopping for a month's worth of items of around Rs. 10,000, say for a small household, one would be able to keep holding on to a thousand rupees! That is truly unparalleled mega saving in these times of hyper inflation.

The entire complex gives the feel of an airport terminal, complete with moving ramps and stringent security checking. Yet instead of receiving passengers, one goes to receive armloads of goods and sees their hard earned cash depart from their pockets. Even the Hyperstar logo looks like a futuristic helipad symbol with two Star Trek like arrows on either side of the 'H'. Indeed, this super mart projects itself to be a cost-effective hub for shopping and that too in hyper drive mode.
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Old June 28th, 2009, 05:55 AM   #438
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the only thing that i dont like from the photos on the net of Hyperstar is that some of there price signage is in black and white which looks rather "corny"....like a homemade printer look ........ should be in a red or blue as their logo
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Old June 28th, 2009, 01:07 PM   #439
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METRO Cash & Carry, Karachi









I look like an idiot in this pic. I was very sleepy...




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Old June 28th, 2009, 07:42 PM   #440
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considering pakistan masisve population and agricuture capabilitys it should have launched its own brand of supermarkets decades ago
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