Pakistan fourth biggest franchise market

Speakers at SZABIST course tell students how to attract consumers


Our Correspondent October 30, 2015
CEO of Markematics Private Limited, Ahmer Rasheed. PHOTO: fb.com/szabistofficial

KARACHI: After the boom of telecommunication, banking and media in the last two decades, the next big impact in Pakistan will be made by retail marketing, said CEO of Markematics Private Limited, Ahmer Rasheed, quoting some of his studies. 

He was talking to the students of a retail management course at SZABIST on the 'Art and Science of Retailing in Pakistan'. More than 150 students attended the lecture on Friday. "Shopping is no longer an arduous task but a family outing, since big stores and malls have emerged," said Rasheed.

Adopting franchising as the way forward

Brand strategist and marketing consultant Mahmood Nanji asked the students to explain the role of the retail outlet if the customer is walking around the shopping mall. "If the retailer does not do anything to attract the customer, he will just pass by without even noticing the shop," he said, explaining the importance of displaying your product and making it available to the consumer.

Explaining the bond between retailers and manufacturers, Nanji pointed out that customers are the medium for the communication between the two. "The need of a product in the market can be understood through the retailer," he said. He explained how a customer's feedback communicates the market's product needs to the manufacturers.

Speaking about emerging online shopping markets in Pakistan, Nanji said that they can never replace shopping centres and malls. "Nobody will buy a car or a suit online until and unless they have made themselves comfortable with the fabric and style in case of dress and specification and shape in terms of cars," he explained.

Doing business in Pakistan

Anila Haq, president of Francorp Pakistan, spoke of how franchising has increased in Pakistan in the last few years. "We are the fourth biggest market in terms of franchising local and even international brands," she said.

Haq shared that by the end of every seventh minute a new franchise of a company is opened somewhere in the world. "Pakistan has more than 30 malls to be opening all over the country by 2017, which means more business and more international brands coming to the country," she added.

Published in The Express Tribune, October 31st,  2015.

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COMMENTS (4)

Delhiite | 4 years ago | Reply | Recommend @lol @Nomi I was telling according to the malls standards of Pakistan. If you consider an area more than "22000 sq feet" is mall then I would say number of malls in Delhi alone is around 80 to 90. We consider that kinda malls as Retail Plaza. In India we only consider those Plaza as mall if it has retail space above 500000 sq feet. Currently Mall in Kochi is the biggest one. Soon Mall of India (Delhi NCR) will overtake it and will become the 2nd biggest mall in Asia Hope it will book a slot in world ranking as well. Currently Delhi has 4 malls above 1300000 sq feet area. Problem is you guys always take Indians comments as negative one. I was simply saying 30 malls for 6 largest country in world is not enough.
Nomi | 4 years ago | Reply | Recommend @Delhiite: If you consider a 3 floor building as mall then yes you can have 500+ malls. and here we have thousands of them lol
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