M. M. ALAM
KARACHI: Consul General Grace Shelton presided over the signing of a new master franchise agreement between Kentucky-based Yum! Brands and local partner MCR here today.Speaking on the occasion, Grace Shelton said: “Today we mark another successful American-Pakistani business partnership”. She expressed her contentment observing Pizza Hut’s growth as the largest restaurant chain here.
Aqueel Hasan told that with 74 outlets operational countrywide, Pizza Hut has become the first fast-food chain in Pakistan to go public.
President MCR Aqueel Hasan and General Manager Yum! Brands Middle East Randall Blackford signed the agreement.
The contract commits to an expansion over the next five years of as many as 150 new Pizza Hut units in Pakistan.
Yum! Brands (a Fortune 500-company) owns the restaurant brands KFC, Taco Bell & Pizza Hut.