Uber discontinues operation of app in Pakistan
Renowned ride-hailing platform will continue operations of subsidiary Careem app
Multinational transportation company Uber on Tuesday announced discontinuing the operation of its app in Pakistan which already scaled back its business and limited it to Lahore back in 2022 which is continued till now.
"We've made the decision to cease operating the Uber app in Pakistan. Our subsidiary brand Careem will continue to operate, with the Careem app offering ride-hailing services across Pakistan," Uber's spokesperson said in a statement.
"We've made the decision to cease operating the Uber app in Karachi, Multan, Faisalabad, Peshawar and Islamabad," the company had said back then.
It is to be noted that Uber acquired its then Middle East rival Careem for $3.1 billion in March 2019.
Under the deal, Careem became a wholly owned subsidiary of Uber but continues to operate independently with its own branding, services and separate app.
Meanwhile, drivers associated with Uber have the option to sign up for Careem Rides and continue to operate their independent transportation businesses.
The decision, according to the company, was line with Uber's global growth strategy, focus on markets where we have opportunities for sustainable growth.
"We work closely with Careem Rides teams to minimise the impact on drivers that use the Uber app," Uber spokesperson had said.
As of now, Careem operates in 10 cities across Pakistan: Karachi, Islamabad, Lahore, Peshawar, Multan, Faisalabad, Abbottabad, Gujranwala, Sialkot and Quetta.
-
AI boom set to lift TSMC’s Q4 profit by 27%
-
An eye on 'global economic instability' as shares slumps, tensions intensify
-
Tesla dethroned: BYD shocks EV market as top seller in 2025
-
China sets up $8.9B fund to boost 2026 consumer goods trade-in
-
Meta to acquire Chinese AI startup Manus to expand advanced AI capabilities
-
China to roll out action plan for digital yuan expansion
-
Amazon halts plan for 'drone delivery in Italy' just before launch
-
Europe’s crypto adoption gains regional momentum; Who’s investing the most?