![Carrefour Pakistan Invests PKR 1 Billion Towards Two New Stores](https://photo-cdn.urdupoint.com/media/2022/04/_2/740x404/pic_1651038283.jpg)
Carrefour Pakistan Invests PKR 1 Billion Towards Two New Stores
Umer Jamshaid Published April 27, 2022 | 10:44 AM
![Carrefour Pakistan Invests PKR 1 Billion Towards Two New Stores](https://photo-cdn.urdupoint.com/media/2022/04/_2/740x404/pic_1651038283.jpg)
Carrefour, fully owned and operated by UAE based Majid Al Futtaim in Pakistan, signed a Joint Venture Agreement with the Defence Housing Authority (DHA) Lahore on 26th April 2022, to establish two standalone stores
Lahore (UrduPoint / Pakistan Point News - 27th Apr, 2022) Carrefour, fully owned and operated by UAE based Majid Al Futtaim in Pakistan, signed a Joint Venture Agreement with the Defence Housing Authority (DHA) Lahore on 26th April 2022, to establish two standalone stores.
The agreement was signed by Umer Lodhi Country Manager, Carrefour Pakistan at Majid Al Futtaim Retail and Administrator DHA Lahore in the presence of Thierry Louis Joulin Chief Operating Officer Majid Al Futtaim Retail at DHA Head Office, Lahore. The stores will not only expand the local footprint of the retail leader in the country but also provide economic support to at least 500 households through creation of direct and indirect jobs.
Carrefour’s PKR 1 billion investment for the establishment of these two new stores brings the total investment to PKR 11 billion the retailer has already made towards the retail industry in Pakistan. Notably, these ventures underscore Carrefour’s dedication to becoming a trusted local partner that creates value for the industry and Pakistani economy. As a testament to this, Carrefour works with more than 700 suppliers and partners across Pakistan, sourcing 99 per cent of its products locally.
This most recent investment will bring customers greater access to affordable, high-quality products while also supporting the nation’s supply chain.
Speaking at the occasion, Umer Lodhi Country Manager Carrefour Pakistan, said: “As the economy begins to return to its pre-pandemic course and both Carrefour stores prepare to serve a wider customer, we are also working together to provide economic support to hundreds of households. This reflects our commitment in action for the local economy’s revival as we provide business and employment opportunities for greater and more inclusive economic prosperity.”
Administrator DHA Lahore said “This Joint Venture with Carrefour is our testament on building on our commitment of creating a world class sustainable and congenial community living experience for our worthy residents.”
In addition to the convenience of in-store shopping for quality products at its ten stores in Pakistan, Carrefour also offers its delivery service through Carrefour Pakistan app to better serve its customers. The app can be downloaded from Google Play Store and Apple’s App Store.
Related Topics
Recent Stories
![Cricket: England v West Indies 3rd Test scoreboard](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019914.jpg)
Cricket: England v West Indies 3rd Test scoreboard
![Finance minister briefs Chinese officials on refor ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019922.jpg)
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
![Finland says Russian vessel violated its territori ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019912.jpg)
Finland says Russian vessel violated its territorial waters
![Olympic opening ceremony under way on River Seine](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019266.jpg)
Olympic opening ceremony under way on River Seine
![West Indies' treble strike rocks England in third ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019264.jpg)
West Indies' treble strike rocks England in third Test
![Ukraine court orders detention of suspect in murde ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019262.jpg)
Ukraine court orders detention of suspect in murder of nationalist ex-MP
![Long queues, ticketing problems ahead of Paris ope ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019015.jpg)
Long queues, ticketing problems ahead of Paris opening ceremony
![Rana Sanaullah Khan joins Paris 2024 Olympics inau ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019638.jpg)
Rana Sanaullah Khan joins Paris 2024 Olympics inauguration reception
![Glowing tributes mark 69th birthday of President Z ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019637.jpg)
Glowing tributes mark 69th birthday of President Zardari at Governor's House
![Players unaware of spying scandal as Canada Olympi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019635.jpg)
Players unaware of spying scandal as Canada Olympic coach sent home: official
![Naqvi hails Pak women cricketers for going down fi ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019013.jpg)
Naqvi hails Pak women cricketers for going down fighting against SL
!['Sabotage' on French rail network before Olympics: ..](https://photo-cdn.urdupoint.com/media/2024/07/_1/235x155/pic_1722019634.jpg)
'Sabotage' on French rail network before Olympics: What we know
More Stories From Business
-
Finance minister briefs Chinese officials on reform agenda, engagement with IMF
7 hours ago -
Chinese support for CPEC, development projects show deep love with Pakistan: Mushahid
7 hours ago -
G20 seeks common ground on taxing super-rich
7 hours ago -
Stocks rise as inflation data boosts rate cut hopes
7 hours ago -
Land of PSM to be used for establishment of SEZs: NA body told
9 hours ago -
European medicines watchdog rejects new Alzheimer's drug
9 hours ago
-
FBR committed to resolve taxpayer issues in KP, Chairman FBR assures Governor KP
11 hours ago -
Tanveer emphasizes role of SEZs in attracting investment
11 hours ago -
Russian central bank hikes key rate to fight inflation
11 hours ago -
SBP injects Rs9.545 trillion into market
11 hours ago -
PSX stays bearish, loses 439 points
11 hours ago -
US Fed's favored inflation measure cools further in June
12 hours ago