Tesco PLC, the UK’s largest retailer is making its way to the Pakistani market. The company has partnered with Alpha Supermarkets in Pakistan to launch its food and non-food products in the country.
Alpha Supermarkets plan to open around 50 Express Stores in the next three years in the country which also includes creating three flagship stores in Karachi, Lahore, and Islamabad.
Limestone Pvt Ltd Chairman Nadeem Hussain while talking to media at the British Deputy High Commission on Tuesday said:
Tesco will only supply its products to Alpha Supermarkets, with which it has the exclusive partnership in Pakistan. Tesco has not invested anything yet in this partnership, it may invest in the future but any future investment decision is up to its management.”
Director and CEO of Alpha Supermarkets Adnan Hamid while talking to The Express Tribune said:
“Pakistan’s retail market is all set to grow faster in coming years. The country’s role in global retail market will also be growing due to its widening middle class and large population.”
Alpha Supermarkets has already invested $2 million mainly in its Karachi’s store and it intends to invest over $1 million to open its second flagship store in Lahore.
Pakistan’s image is improving in the foreign market with many international companies looking to invest in the country. Recently, five top car manufacturing brands announced to assemble cars in Pakistan, projecting the optimistic future of the country’s economy.