March 4, 2019: In a meeting held at Board of Investment (BOI) Islamabad between METRO Delegation and BOI Committee lead by Mr. Haroon Sharif, MCCPK shared its expansion and investment plans for Pakistan especially for Punjab with new store opening in Multan along with expansion of E-Commerce (METRO Online) & Franchise (Freshly) business.
Currently MCCPK is operating nine wholesale retail stores in Pakistan. The METRO Online Non-Food business is already serving the entire Pakistani Market while the Food business will be expanding to 3rd city Faisalabad, previously serving Lahore & Islamabad Market.
On the other hand 11 new freshly stores would also be seen with in a span of 4 months adding to the 4 operating at present in Lahore. The Multan store will be the company’s tenth wholesale retail facility in Pakistan and the first one in South Punjab, a much economically-deprived belt of the province.
METRO Pakistan has always been one of the front runners when talking about strengthening the local economy by not only being an important exchequer collector in shape of Sales Tax and Income Tax in the Wholesale/Retail sector, from its Customers and Suppliers and depositing the same in Government treasury but also Promoting modern, locally sourced trade infrastructure by offering local businesses like small retailers and restaurants a reliable supply source of up to 90 % locally procured goods as well as services to increase their competitiveness.
METRO also implements a modern agricultural supply chain through e.g. collection centers where local farmers can sell their produce directly at a fair market price. Through efficient post-harvest handling methods introduced by METRO, there has been a 95 % improvement in availability and quality. Increased investment and expansion from METRO Pakistan means more Job for people, supplier development, more choices for customers and consumers and most importantly increased government revenue in the shape of Sales Tax collection.
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