German Retailer to Set Up Shop in Pakistan

via www.dailytimes.com.pk

The Metro Group is planning to establish three to four outlets in the first phase at Karachi and Lahore, Dr Hanz-Joschin Korber, chief executive officer of the group, said on Wednesday. According to a press statement issued on Wednesday the Metro is the third largest trading and retailing in Europe and fifth largest in the world. Metro cash & carry is operating in 30 countries and the group sale during 2003 was over 53 billion euros, the statement said.