U Bank and Fri-Chicks have formed a strategic partnership to fuel the growth of Fri-Chicks’ franchise network across Pakistan. U Bank will provide essential financial support, including working capital loans and cash management services, to enable Fri-Chicks to open 100 new franchises in the next year.
This collaboration highlights U Bank’s commitment to empowering small and medium-sized enterprises (SMEs) and contributing to Pakistan’s economic growth. By supporting Fri-Chicks’ expansion, U Bank aims to create numerous job opportunities and strengthen the local economy.
Mr. Sarmad Pretu, Chief Commercial Officer – U Bank commented, “This partnership with Fri-Chicks aligns perfectly with U Bank’s vision of nurturing and supporting the growth of local businesses in Pakistan. The franchisees investing in Fri-Chicks are MSMEs and each new franchise creates close to 10 new job opportunities. As a Pakistani bank, we are proud to be providing the financial solutions needed to help a local brand like Fri-Chicks reach new heights, while we endeavor to create a positive impact on the broader economy by enabling business expansion and economic elevation.”
Fri-Chicks, with a strong presence of 50 outlets nationwide, is excited about this partnership. The collaboration will allow the fast-food chain to reach more customers and make a greater impact on Pakistan’s economic landscape.
This strategic alliance between U Bank and Fri-Chicks marks a significant step forward for both organizations. It demonstrates their shared vision of fostering business growth and creating a positive impact on the community.
