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Consumers Choice Award

Date: December 8, 2008 From Our Correspondent

Makro has been awarded the 4th Annual Consumers Choice Award in the category of the Best Wholesale Chain by Consumers Association of Pakistan (CAP)

Consumer Choice Award, introduced by CAP is the most recognized event of Pakistan’s business calendar.

In view of the significant contribution and quality features of Makro Cash & Carry it has been recognized as the best wholesale chain of Stores in the Country.

The survey for the preferred choice of consumers was conducted by CAP on its website, with the help of volunteer workers and voting.

Falak Basmati Rice – Eid ki Jeet Lucky Draw

Date: December 8, 2008 From Our Correspondent

Matco Rice Company conducted a Lucky Draw at Makro Star Gate Centre the other day with respect to their
sales promotion titled “Eid ki Jeet”.
Entry in Lucky Draw was to buy a consumer pack (Falak Rice) worth Rs. 500/- and win a Deep Freezer.

Mr. Marek Minkiewicz, former Managing Director Makro -Habib Pakistan Limited was the chief guest on the occasion and conducted the Lucky Draw. Ms. Faryal Ghori, Managing Director Matco Rice also attended the ceremony on behalf of their company.

All stakeholders being involved in planning

Date:Karachi, December 02, 2008 By Our Staff Reporter

Finance Advisor Shaukat Tarin said on Tuesday that the government was operating on a modern concept of associating all stakeholders in planning and implementation and also a periodic review of how the plans were being implemented.

“Modern management concepts are being introduced in government” the advisor said while inaugurating the 11th management Association of Pakistan (MAP) Convention 2008 here.

He said the government faced a challenge of unprecedented nature and was almost in an “act or die” situation when it was voted into power.

“The government accepted the challenge and acted to overcome the crisis,” he informed the audience while recalling that the fiscal deficit at one time last fiscal year had touched almost 10 per cent level.

It ended at 7.5 per cent fiscal deficit and 8.4 per cent current account deficit.

He added that when the government took over, the world had come under impact of an unprecedented global financial crisis and Pakistan’s access to international finance market was also blocked.

The government took tough decisions of cutting down heavily on energy subsidies to contain expenditure budget and narrow down budgetary imbalance and reduce dependence on State Bank of Pakistan borrowing.

Mr. Tarin raised a question before his audience as to why Pakistan confronts an economic crisis after every decade. His own answer to this question was to prepare a long term plan with consultation on stakeholders and then a periodical review.

He said the nine point agenda on which the government was working was a consensus strategy. It would be reviewed quarterly by a body headed by the prime minister.

He said the trade and industry were fragmented and needed consolidation which was being take up.

Wholesale centre's have good scope

Date:Friday, October 24, 2008

KARACHI: The retail market in Pakistan needs to make a complete change in a short span of time, traditional large wholesalers do not play the role of providing services to customers properly, said National Foods Chief Executive Abrar Hasan.

He said this at a seminar on ‘Makroñmodern retailing’ organized by Management Association of Pakistan (MAP) on Thursday at Makro Star Gate centre.

He said his organisation has seen a positive change with the advent of modern and organised retailing in the country.

“Our business with organised sector retailing has been very profitable,” he said firmly.

English Biscuit Manufacturers Pvt Ltd Deputy MD Saadia Naveed said Pakistan is welcoming organised retailing especially in urban areas where more and more modern retail centres are opening owing to the demand. Makro Pakistan MD Marek Minkiewicz said: “Retailing in Pakistan has changed a lot in last 3 years and we see a huge potential in the other cities of the country. We are going to open 12 new Makro centres in next three years in Pakistan most preferably in Karachi, Lahore and Faisalabad.”

He said modern retailing needs constant improvement for customer convenience and so

“we are maintaining international standards and trying to adapt it for the life styles of the Pakistani society.”

He elaborated Makro focuses on effect on price stability in case of recent speculations in the country, products safety and fair trading while excluding inefficiencies.

Customer Care Program 2008

Date: Aug 17, 2008

(Asia Pulse Data Source via COMTEX) -- KARACHI, August 16 (PPI): Sindh Minister for Information Shazia Marri has said that the government is trying to reduce the prices of wheat, so as to provide maximum relief to the citizens in the holy month of Ramadan and requested to the owners of flour mills to cooperate with government in this regard.

This she said while talking to journalists after the commencement of Customer Care Program 2008 of Makro superstores at Lines Area Saddar on Saturday evening.

She said that like other countries of the world, Pakistan should also introduce the system of price control of essential commodities. She said that people of Pakistan want change and for this change, and now it is our responsibility to provide them relief. Earlier, addressing the inaugural ceremony of Customer Care Program Makro 2008 as a chief guest, she said that Pakistan is moving towards change in every walk of life.

She said that the concept of Makro shopping Mall is relatively new in Pakistan and due to its people friendly policies it had grabbed the attentions of a lot of people particularly wholesalers and retailers. Vice Chairman House of Habib and Executive Chairman Makro-House of Habib Farhad Zulfiqar also spoke.

Makro Cash & Carry to invest $ 300 million in Pakistan; to open 30 stores

Date: ISLAMABAD, Jun 24 (APP):

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 Zulficar, 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, Pakistan who called on him here at the PM House this morning.

The Prime Minister said that the government has announced favorable incentive packages to attract investment in all sectors including reduced customs duty, sales tax and withholding tax relief on the import of machinery. Farhad Zulficar 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 Andrzej Minkiewicz, the former 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 inward remitted as Foreign Direct Investment. He said that the monthly turnover of each store is around Rs 160 million. Secretary Industries and Secretary Board of Investment attended the meeting.