Alpha opens with a bang as Tesco lands in Karachi

By Abdul Qadir Qureshi
(Pakistan News & Features Services)

The Alpha opening in the basement of Ocean Mall, Clifton, on September 10 was quite a memorable event.

It was an evening to remember as Karachi finally had the presence of Tesco, a reputed British multinational grocery and general merchandise retailer.

As anticipated the launch of Alpha turned out to be a phenomenal success with the large turnout, a clear indication of the project generating immediate attention to the extent of creating waves among the potential customers.

It’s the fulfillment of yet other cherished dream of Nadeem Hussain, Founder and Coach at Planet N Group of Companies, having earned accolades in the financial services industry of Pakistan through his impossibly gifted talents.

Living to the reputation of being very passionate about whatever he ventures into, the former Citi Group country chief in Pakistan has now got his Planet N Group off to a flying start with the launch of Alpha and obviously there is a lot more to follow.

A firm believer of giving back to the society while pursuing his corporate goals, Nadeem Hussain has believed in setting examples, having been a naturally gifted leader, who always has a vision and a strategy to implement and achieve his objectives.

Now he’s being lauded for bringing Tesco in Karachi, the commercial hub of the country.

He had signed exclusive rights for Tesco for Pakistan, opening the doors for the third largest retailer in the world measured by profits and the second-largest retailer in the world measured by revenues.

Historically Tesco was founded in 1919 by Jack Cohen as a group of market stalls.

The Tesco name had first appeared in 1924, after Cohen purchased a shipment of tea from T E Stockwell and combined those initials with the first two letters of his surname and the first Tesco store opened in 1931 in Burnt Oak, Barnet.

Originally a UK grocery retailer, Tesco has diversified geographically since the early 1990s and into areas such as the retailing of books, clothing, electronics, furniture, toys, petrol and software; financial services; telecoms and internet services.

Comments

Dewan Motors launch electric cars in a glorious ceremony

By Abdul Qadir Qureshi (Pakistan News and Features Services) Way is paved for assembling and later gradual manufacturing of electric cars and bikes in Pakistan with the launching of electric cars by the Dewan Motors Limited (DML), a reputed name in the automobile sector, at a glorious launch ceremony at the Convention Centre of DHA Golf Club on June 4. The Chairman of Senate, Syed Yusuf Raza Gilani, also a former Prime Minister, was the guest of honour as hundreds of participants from various walks of life celebrated another remarkable achievement by Pakistan. Speaking on the occasion, he acknowledged and applauded the ground breaking initiative undertaken by the Yousuf Dewan Companies (YDC) in the automotive sector. “The establishment of a state-of-the-art vehicle assembly plant equipped with cutting-edge robotics technology, signifies the strength and capabilities of the company,” he remarked. He was confident that, based on its reputation and tra...

THK Associates (Private) Limited: Shares Registrar

THK Associates (Pvt) Limited was formed in 1989. The company is engaged in providing specialized services relating to the corporate sector and in particular acts as share transfer agent for a number of companies. THK Associates (Pvt) Limited is one of the leading service provider of Share Registrar, Transfer Agent, Balloters for IPO’s and Share Accounting Services and is managed and run by a set of professionals having indepth knowledge and expertise of organizing and managing diversified corporate activities including depository related Share Registrar activities. THK Associates (Pvt) Limited, previously an associate of KPMG Taseer Hadi & Co., has been restructured in terms of requirements of Clause XL of the Code of Corporate Governance and the shareholding of THK partners has been divested in the year 2004. Mr. Yunus Dawood, Chief Executive of DYL Motorcycle Limited, a shareholder and Director was appointed as Chairman of the Company in 2008. Mr. Javed Iqbal, former Chairman an...

SECP initiates 86 show-cause proceedings against compamies

The SECP’s Enforcement Department— while enforcing compliance of corporate and allied laws— initiated 86 show-cause proceedings and concluded 54 proceedings against chief executives, directors and auditors of companies in February and March. While facilitating companies to strengthen their capital base, the department allowed three listed companies to issue shares by way of otherwise than right at a discount and at par. In order to strengthen the existing regime of Corporate Social Responsibility (CSR) reporting, the SECP has joined hands with the ICAP for the external assurances of the CSR reports. CSR reports assist organizations in understanding and communicating their vision of combining a company’s profitability with social responsibility and environmental care. Both the SECP and the ICAP have reaffirmed their commitment to developing a framework for external assurance in accordance with prominent international assurance standards, and within a mutually agre...

Stocks Observer. com

Search This Blog