Tim Hortons, one of North America’s largest restaurant chains, will open dozens of locations in Pakistan this year, according to a company announcement on social media.
“As we continue to grow Tim Hortons around the world: Tim’s is opening in Pakistan this year,” the company posted on its official LinkedIn account.
Tim Hortons, known for its coffee and doughnuts, has announced plans to open dozens of new restaurants in Pakistan over the next few years, beginning with its first in Lahore later this year.
The development is critical for a country that has struggled to attract foreign direct investment (FDI), attracting only $1.285 billion in the first nine months of this fiscal year, representing a 2% year-on-year decline.
Tim Hortons announced in March that it will open a restaurant in India later this year as part of an exclusive agreement with a joint venture entity owned by Apparel Group and Gateway Partners.
Tim Hortons now has over 5,100 locations in 13 countries, including the United States, Mexico, Spain, the United Kingdom, the Middle East, China, Thailand, and the Philippines.
Burger King agreed to buy Tim Hortons for $11.4 billion on August 26, 2014. On December 15, 2014, the two chains became subsidiaries of the Canadian-American holding company Restaurant Brands International, which is majority-owned by the Brazilian investment firm 3G Capital.
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