METRO Cash and Carry Pakistan (Private) Limited has mandated HSBC Pakistan for its International and Domestic Payments, Overdraft, and Working Capital facility.

Mr. Muhammad Tahir Sadiq, CEO HSBC Pakistan said: 

"Metro is one of our prime relationships, not only in Pakistan but globally as well, and HSBC will continue to support Metro Cash and Carry operations in Pakistan. We are also Metro’s preferred partner in debt capital market activities and are increasingly doing business in all areas and locations as our global network matches Metro’s internationalization strategy."

The HSBC Group is one of the largest banking and financial services organization in the world, with well established businesses in Europe, the Asia Pacific region, the Americas, the Middle East and Africa. HSBC Pakistan is currently operating with network of five branches present as one at Lahore, three at Karachi and one at Islamabad.

METRO Cash & Carry is an international leader in self service wholesale. It is currently constructing its first wholesale centre in Pakistan on Multan Road, Lahore which is due to open in October 2007. The company operates a wholesale business-to-business (B2B) model targeted only towards commercial customers, such as small retailers, helping them improve their businesses: by offering a reliable supply source for high quality products at reasonable and transparent prices as a one-stop solution for their purchases. METRO Cash & Carry, a sales division of METRO Group, one of the largest international trading companies, is represented in 28 countries with more than 580 wholesale centers.

On the occasion of the mandate award, Mr. Hans A. Hiller – MD, METRO Cash & Carry Pakistan said that he looked forward to his company’s collaboration with HSBC and the bank would be a key partner in providing quality services not only to his company but also to his customers.

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