tag:blogger.com,1999:blog-5848640164815342479.post8337065767608208458..comments2024-03-18T16:01:13.871-07:00Comments on Haq's Musings: Live Large For Less in Delhi, Dhaka, Karachi & MumbaiRiaz Haqhttp://www.blogger.com/profile/00522781692886598586noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-5848640164815342479.post-67663268530379855262017-05-21T14:17:02.014-07:002017-05-21T14:17:02.014-07:00Fast Food: 2nd largest industry in Pakistan by Pro...Fast Food: 2nd largest industry in Pakistan by Prof. Dr. Noor Ahmed Memon, (Dean KASBIT, Khadim Ali Shah Bukhari Inst of Tech).<br /><br />http://www.foodjournal.pk/2016/July-August-2016/PDF-July-August-2016/Exclusive-article-Dr-Noor-Fast-Food.pdf<br /><br />Fast Food Industry in Pakistan is the 2nd largest in Pakistan. accounts for 27% of its value added production and 16% of the total employment in manufacturing sector with an estimated 180 million consumers, Pakistan holds the world’s eighth largest market when it comes to fast food and food related business. More than 1000 large scale food processing enterprises in Pakistan. 75% of rural based food manufacturers are in so called informal sector (difficulty in accessing raw material finance informal sector (difficulty in accessing raw material, finance skills, knowledge and management). Pakistan’s fast food sector is changing significantly with an inclined shift in life styles and traditional eating habits. According to the survey which was being made on the performance of the fast food business in Pakistan it was being revealed that an average consumer spends 42% of one’s income on food. Retail sales of processed foods is expand ing by 10% annually. Supermarkets are gaining in popularity as a shopping venue and now account for about 10% of all retail food sales. In addition, Pakistan now hosts numerous western style fast food chains reflecting a rising popularity with such eating style. On an average calculation the fast food business in Pakistan and the trend of eating habits of the locals in the country is increasing almost 21% annually which means the growth of the fast food business in Pakistan is more than 20% on annual basis which makes it as one of the fastest growing businesses not only in Pakistan but even in the entire world as well.<br /><br />http://www.foodjournal.pk/2016/July-August-2016/PDF-July-August-2016/Exclusive-article-Dr-Noor-Fast-Food.pdfRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-24362214386384116792017-05-21T14:01:09.703-07:002017-05-21T14:01:09.703-07:00#Pizza Hut set to open 75 new outlets to double it...#Pizza Hut set to open 75 new outlets to double its restaurants in #Pakistan - The Express Tribune #FastFood<br />https://tribune.com.pk/story/1414386/pizza-hut-set-open-75-new-outlets-pakistan/<br /><br /><br />KARACHI: American fast food giant Pizza Hut has decided to double its presence in Pakistan, the company and its local partner announced on Friday, adding that they would open 75 new outlets at an approximate investment of $3.4 million.<br /><br />During a ceremony at the US Consulate in Karachi, a new franchise agreement was signed between Yum! Brands – a Fortune 500 company that owns Pizza Hut – and its local partner MCR. The deal was aimed at expanding Pizza Hut’s presence in Pakistan and adding to its network of 75 outlets over the period of next five years.<br /><br />Robot waiter serves food in Multan’s pizza outlet<br />While the official press release stated that the agreement commits to an expansion of “150 new Pizza Hut units in Pakistan”, Pizza Hut (Middle East) General Manager Randall Blackford confirmed that the company is targeting a total number of 150 outlets across the country.<br /><br />“We are currently operating at almost 75 units in Pakistan and we are going to double this number in the next four to five years,” he told The Express Tribune.<br /><br />“Pizza Hut has a long list of first milestones, which include the first food product to be sold over the internet and the first food product to be delivered to outer space. Therefore, it is natural that we want to reach the milestone of first restaurant chain to have 150 outlets in Pakistan,” he added.<br /><br />Inaugurated in December 1993, Pizza Hut was the first international franchise to enter Pakistan and also the first one to expand its presence in all four provinces of the country. It currently operates under MCR, a Pakistani company that is part of the services sector for the past 25 years.<br /><br />“Pakistan is a great market for us and we have made so much progress over the years that we want to double it again,” said Blackford, when asked about the motivation behind expansion. “Additionally, Pizza Hut is a massive revenue-generating brand especially in this part of the world, hence our eagerness to capitalise on the market.”<br /><br />Meanwhile, MCR President Aqueel Hasan said that the agreement presents a massive opportunity for Pakistan, adding that the country was looking at approximately $3.4 million on average in investment alone from the deal. “The amount of investment varies between the size of the proposed outlets, but the figure is anywhere from $300,000 to $600,000 per unit,” he said. Moreover, the agreement has been slated to generate around 3,500 jobs, excluding the spill-over effects from the expansion.<br /><br />Social media battle erupts over pineapple on pizza<br /><br />“This is a huge investment not only in monetary terms, but also it terms of skilled labour force available in the economy,” said Blackford. “Each outlet has a couple of dozen people working, so hiring them and training them – that is a massive investment in time.”<br /><br />Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-79883179893234231852013-01-02T09:52:21.278-08:002013-01-02T09:52:21.278-08:00Here's an APP report on proposed revival of Ka...Here's an <a href="http://www.brecorder.com/top-news/1-front-top-news/98665-ecc-approves-revival-of-karachi-circular-railways-.html" rel="nofollow">APP report</a> on proposed revival of Karachi Circular Railway:<br /><br /><i>The ECC which met here under the chairmanship of Minister for Finance and Economic Affairs Dr. Abdul Hafeez Shaikh was informed that Japan International Cooperation Agency (JICA) has already agreed to provide 93.5pc ($2.4 billion) of the estimated cost through soft loan at a markup of 0.2pc payable in 40 years including 10 years grace period. The remaining 6.5pc ($169.6 million) will be borne by the Ministry of Railway (60pc equity), Government of Sindh (25pc equity) and the City District Government Karachi (15pc equity); the stakeholders of KUTC as per their share.<br /><br /> <br /><br />The track of the KCR will be 86 km long with 27 stations to be built around the city.<br /><br /> <br /><br />This important project will be a milestone in improving the quality of life of the citizens.<br /><br /> <br /><br />The ECC also approved the summary with special appreciation for the Ministry of Railways, the Government of Sindh and Karachi City Government for their efforts to get approved the most economic and viable project of Circular Railway for Karachi.<br /><br /> <br /><br /> <br /><br />The ECC also discussed various agenda items of national importance. The following decisions were taken in the meeting;<br /><br /> <br /><br />At the outset of the meeting the ECC members offered special prayers for departed soul of Senior Minister of the KPK Government Mr. Bashir Bilour who lost his life in a terrorist attack in Peshawar recently.<br /><br /> <br /><br />The ECC prayed to Almighty God for resting the departed soul in eternal peace and for granting courage to the bereaved family to bear this precious loss.<br /><br /> <br /><br />Ministry of Railways moved a summary seeking the approval of the ECC for waiver of on-lending charges to Karachi Urban Transport Corporation for the Project "Revival of Karachi Circular Railways as Modern Commuter System".<br /><br /> <br /><br />Japan International Cooperation Agency (JICA) has already agreed to provide 93.5pc (US$2.4 billion) of the estimated cost through soft loan at a markup of 0.2pc payable in 40 years including 10 years grace period.<br /><br /> <br /><br />The remaining 6.5pc (US$169.6 million) will be borne by the Ministry of Railway (60pc equity), Government of Sindh (25pc equity) and the City District Government Karachi (15pc equity); the stakeholders of KUTC as per their share.<br /><br /> <br /><br />The track of the KCR will be 86 km long and 27 stations will be built around the city.<br /><br /> <br /><br />This important project will be a milestone in improving the quality of life of the citizens.<br /><br /> <br /><br />The ECC approved the summary with special appreciation for the Ministry of Railways, the Government of Sindh and Karachi City Government for their efforts to get approved the most economic and viable project of Circular Railway for Karachi.<br /><br /> <br /><br />The ECC also approved a summary by Ministry of Railways for changes in the composition of Business Express.<br /><br /> <br /><br />Ministry of Railways submitted a summary for ECC approval back in July 2012.</i><br /><br />http://www.brecorder.com/top-news/1-front-top-news/98665-ecc-approves-revival-of-karachi-circular-railways-.htmlRiaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-37974966802463474882012-02-18T08:40:10.155-08:002012-02-18T08:40:10.155-08:00Singh: "Karachi because it is also in the top...Singh: "Karachi because it is also in the top ten list for "most dangerous" due to terrorism perhaps."<br /><br />There are certain neighborhoods of Karachi which are dangerous, just as there are dangerous areas in Chicago, New York, and Los Angeles. But overall, Karachi is no more dangerous than other major cities of the world with large population...especially in developing countries.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-52737785356905171272012-02-18T07:46:46.518-08:002012-02-18T07:46:46.518-08:00It would be hard to live large in Karachi because ...It would be hard to live large in Karachi because it is also in the top ten list for "most dangerous" due to terrorism perhaps. <br /><br />Last issue of the Econmist highlights the myriad of issues facing Pakistan today. That doesn't mean India doesnt however. You tend to blog with a heavy bias against India which is fine but it is a bit distorted.Iqbal Singhnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-62385595998451167312012-02-17T09:12:36.044-08:002012-02-17T09:12:36.044-08:00IK is a known sucker for India. About 5 yrs back i...IK is a known sucker for India. About 5 yrs back in a TV interview he has clearly told that India is miles ahead of Pakistan when during his playing days it was the other way around. He was of course talking in favor of democracy and hated Mushy.<br /><br />Also Riaz can you change the verification process on the blog which forces the user to type words. Of late the words are angled so badly that they are undecipherable. Is that in your control ?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-18956252988491428302012-02-17T09:09:01.837-08:002012-02-17T09:09:01.837-08:00Actually IK wanted indians to invest in Pakistan a...Actually IK wanted indians to invest in Pakistan and this came off that.<br />You see he has already appointed himself as next PM of Pakistan and one the things he has in agenda is to suck up to India (note that he has already told that he will promote good relationship with India).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-22460812071677397862012-02-17T09:08:27.354-08:002012-02-17T09:08:27.354-08:00Real estate of India is being funded by the illega...Real estate of India is being funded by the illegal money of the politicians and bureaucracy and goondas. Price in any city of India has not come down but for Bangalore due to oversupply than demand. It is further aggravated by the tension in the software industry. For middle class house in India is a very far dream. It is being used by the powerful politicians to make the large population as slaves for their lifetime for a house.satwa gunamhttps://www.blogger.com/profile/13279049833806205196noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-83579265146114505962012-02-17T08:20:27.629-08:002012-02-17T08:20:27.629-08:00Anon: "IK also spoke in a meeting. One of thi...Anon: "IK also spoke in a meeting. One of things he told to Indians "pls invest in Pak real estate as it is very cheap"."<br /><br />I didn't know that Imran Khan also plays a real estate agent inviting Indians to buy in Pakistan. Maybe that's his side business.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-76580604951627591042012-02-17T01:09:39.213-08:002012-02-17T01:09:39.213-08:00My friend was in India recently. At a Kolkata book...My friend was in India recently. At a Kolkata book fair he was surprised to see Imran Khan there. IK was there to promote some book he had written. IK also spoke in a meeting. One of things he told to Indians "pls invest in Pak real estate as it is very cheap".Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-14216289953969086412012-02-16T17:11:09.464-08:002012-02-16T17:11:09.464-08:00Anon: "Real estate in bombay and delhi is way...Anon: "Real estate in bombay and delhi is way too more expensive than karachi"<br /><br />The EIU suvey includes cost of real estate and shows Mumbai and Delhi are only slightly more expensive than Karachi.<br /><br />Delhi and Mumbai may appear to be expensive to you and other locals because of high local inflation but the EIU report editor explains that “even though local inflation is high, it’s coming from a very low base, so it’s only a slight rise in the cost-of-living index” when compared with other major cities around the world.Riaz Haqhttps://www.blogger.com/profile/00522781692886598586noreply@blogger.comtag:blogger.com,1999:blog-5848640164815342479.post-18627506787794789562012-02-16T16:57:16.233-08:002012-02-16T16:57:16.233-08:00Real estate in bombay and delhi is way too more ex...Real estate in bombay and delhi is way too more expensive than karachi or lahore. This is because the rich of these places are way too richer than any place in Pakistan. Also some Indians might feel proud of it I am not as a normal middle class family cannot afford it.Anonymousnoreply@blogger.com