Hi-Tech Lubricants Limited, the renowned manufacturer of ZIC Brand Lubricants in collaboration with SK Enmove Co. Ltd. from South Korea, has announced a strategic partnership with MDS Foods (Pvt.) Ltd., the territorial rights holder of the American fast-food giant, Hardee’s Restaurant, according to a notice to the Pakistan Stock Exchange (PSX).
The agreement aims to establish Hardee’s Restaurants at Hi-Tech Lubricants’ nationwide network of HTL Fuel Stations, marking a significant expansion of Hardee’s brand across Pakistan.
This partnership was formalized through the signing of a Memorandum of Understanding (MOU) on August 28, 2024.
The principal activity of the Company is to procure and distribute lubricants and petroleum products. During the year ended 30 June 2017, Oil and Gas Regulatory Authority (OGRA) granted license to the Company to establish an Oil Marketing Company (OMC), subject to some conditions. On 31 May 2019, Oil and Gas Regulatory Authority (OGRA) granted permission to the Company to operate a new storage facility at Sahiwal and marketing of petroleum products in the province of Punjab.
HTL’s scrip at the bourse is currently trading at Rs. 40.50, up by 2.87 percent, with a turnover of 4.6 million shares on Thursday.
People please be careful keeping in view the ongoing slaughter in Gaza, Palestine, we all should boycott these Western companies – franchises. The detail – “Hardee’s Restaurants LLC is an American fast-food restaurant chain operated by CKE Restaurants Holdings, Inc. (“CKE”) with locations primarily in the Southern and Midwestern United States. The company has evolved through several corporate ownerships since its establishment in 1960 in North Carolina.” Please dont eat in Hardees.