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Popular American pancake chain IHOP is coming to Pakistan

11:31 AM | 19 Mar, 2019
Popular American pancake chain IHOP is coming to Pakistan
LAHORE - Worldwide famous chain IHOP will be opening its first location in Pakistan by the end of 2019, Bloomberg reported.

According to the report, the first branch will open in Karachi which will be followed by 18 more across the country over the next nine years, US parent company Dine Brands Global said Monday.

Of those, nine of the franchises will be operated by Pakistan-based Gerry’s Group, and the rest will be sub-franchised. IHOP, which was founded in 1958, has been a global brand since 1969. It already has a restaurant chain in India, Thailand and Guam as well as 11 other countries and Puerto Rico

“My commitment as CEO of Dine Brands Global was to return it to a growth company, and our international development is certainly a major component of that growth,” Chief Executive Officer of Dine Brands Global Steve Joyce said in a statement.

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“Key to our international strategy is identifying and entering new markets, such as Pakistan, that have a rapidly growing economy, are contiguous to existing markets to offer an economy of scale, and above all, have an appetite for IHOP’s unique guest experience of warm hospitality with world famous pancakes, breakfast and other menu items.

“The opportunity to partner with principals from Gerry’s Group as franchisees was also a major factor in our decision,” Joyce added. “Under their ownership, Gerry’s Group is an experienced, established company based in Pakistan with multinational experience across a broad number of industries as well as Food and Beverage, including operating and owning 40 Costa Coffee locations in the United Kingdom.”

Managing Director Gerry’s Group Akram Wali in a press release said, “We are delighted to be bringing the world famous American IHOP experience to our country and to our portfolio of successful companies.”

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“While IHOP will be a new brand in Pakistan, there is already significant awareness of and excitement about IHOP and we look forward to the opening of our first location later this year,” Wali stated.

So, are you excited? We are for sure.  

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Pakistani rupee rate against US Dollar, Euro, Pound, Riyal - Check 20 April forex rates

Pakistani currency remains marginally same against US Dollar and other currencies on April 20, 2024. US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro comes down to 293 for buying and 296 for selling while British Pound stands at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.25 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 20 April 2024

Source: Forex Association of Pakistan. (last update 09:00 AM)
Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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