TGI Fridays™ Signs Development Agreement to Fuel Pakistan Growth

DALLAS, Sept. 23, 2026 // PRNewswire // -- TGI Fridays™ today announced a landmark development agreement with Meerab Hospitality, marking an exciting chapter for the brand in Pakistan and further accelerating its growth across South Asia. Following the brand's recent development agreement in the Maldives, the partnership builds on growing momentum across the region and reinforces TGI Fridays' strategy of expanding its global footprint through strategic, long-term franchise partnerships.

The agreement marks an important milestone in TGI Fridays' continued international expansion and further strengthens the brand's presence across South Asia and the Middle East, as it accelerates toward its 1-2-3 Strategic Vision of 1,000+ restaurants and $2 billion in annual revenue by 2030.

With more than 240 million people and a median age of just 21, Pakistan offers TGI Fridays a compelling combination of scale, youth and long-term growth potential. Rapid urbanization, continued investment in malls and mixed-use destinations, and an evolving dining culture are creating new opportunities for international restaurant brands as consumers increasingly seek distinctive, experience-led dining. Through its partnership with Meerab Hospitality, TGI Fridays is positioned to capture that opportunity with a brand guests already recognize, bringing its signature combination of bold American flavors, legendary mocktails, high-energy atmosphere and unmistakable Fridays hospitality to one of South Asia's most dynamic consumer markets.

Meerab Hospitality brings deep regional expertise and operating strength to the partnership. As the franchise and development arm of Meerab Properties, the company combines a two-decade track record across the Middle East, South Asia and Central Asia with extensive international hospitality experience. Together, TGI Fridays and Meerab Hospitality are well positioned to capture Pakistan's growing appetite for international dining experiences, while creating new employment opportunities, investing in local hospitality talent and bringing the unmistakable Fridays spirit to a new generation of guests.

"We don't enter a market like Pakistan because it's on a list — we enter it because the fundamentals are right and the partner is right," said Phil Broad, Global President, TGI Fridays. "Pakistan has one of the youngest populations anywhere in the world and a retail landscape that's evolving fast. Meerab Hospitality understands that better than an outside operator could, and their hospitality background means they know how to run a room, not just build one. That's the combination we look for. 

What makes Pakistan particularly exciting is the energy of the market and the generation coming through. They're connected, curious and looking for brands that give them more than just a meal. That plays directly to the strength of TGI Fridays. We've always been at our best when we bring people together, create a little theatre and give guests a reason to stay longer, celebrate louder and come back again. Pakistan gives us an exciting new stage to do exactly that."

Pervaiz Iqbal Shahid, Founder and Group CEO, said:

"We are delighted to bring TGI Fridays back to Pakistan and to begin a new chapter for this iconic global brand in the country. Our ambition is to reintroduce the brand through an energized and well-capitalized platform, supported by strong operational leadership and a long-term commitment to responsible growth across Pakistan."

"Our first flagship restaurant is targeted to open within the next 12 months at the prestigious Hyatt Regency Hotel complex in Lahore. This will provide an exceptional launch platform for the brand and establish the standard for the restaurants that follow."

"Over the next decade, we look forward to developing TGI Fridays across Pakistan through a carefully considered combination of company-owned and approved sub-franchised restaurants. We are committed to protecting the strength of the brand, delivering an outstanding guest experience, and building a sustainable nationwide business together with the TGI Fridays team."

The agreement is TGI Fridays' second market signing this month, following the brand's first-ever entry into the Balkans, and builds on a series of international agreements over the past year spanning Kenya, the Maldives, Peru, Japan, Mexico, the Philippines, Greece, Cyprus and Spain. Together, these agreements have added close to 200 restaurants to TGI Fridays' global pipeline as the brand advances toward its 1-2-3 Strategic Vision of 1,000+ restaurants worldwide by 2030. The ambition is not about volume for its own sake but about selecting the right partners — experienced local operators who deeply understand the markets they are committed to developing.

SOURCE TGI Fridays

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