Popular ride-hailing service Uber announced that it would shut down operations in five cities – Karachi, Islamabad, Faisalabad, Multan and Peshawar. The change comes in effect immediately.
In an official statement, the company said it will retain operations in only one city, Lahore, where it will be launching more products on the app “to support earners during these difficult times.”
KARACHI: Popular ride-hailing service Uber Tuesday decided to cease its operations in Karachi, Multan, Faisalabad, Peshawar, and Islamabad with immediate effect.#business #change #brand #karachi #lahore #investing pic.twitter.com/XUkiAPuCv0
— Pakistan Lead (@PakistanLead1) October 13, 2022
The company said drivers and riders in the five cities could switch to the Careem app, the Dubai-based company it purchased for $3.1 billion in 2019 to dominate the ride-hailing markets in the Middle East and Pakistan.
Up until now, Careem has not disclosed any details regarding the impact they see on their operations caused by the shutdown and how this will affect their ability to compete with other ride-hailing services such as inDrive and Bykea.