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Careem completed its 1 billion rides on Tuesday

30Nov

By Aqsa AzamNo Comments

Global

Careem completed its 1 billion rides on Tuesday

Transport-based service providers achieved a new milestone this week. Careem completes its 1 Billion rides in Doha, Qatar. The driver gets a trip to his hometown, he expresses his gratitude and happiness for the reward. Customers on Careem’s ride-hailing platform have completed a total of 1 billion rides across the Middle East, North Africa, and Pakistan since launching in 2012, the company announced on Tuesday. Pakistan topped the list of countries with the highest number of rides recorded (299 million). Followed by Saudi Arabia (242 million) and Egypt (230 million). The shortest single ride also took place in Pakistan a 200-meter trip in Lahore. Mudassir Sheikha, CEO, and co-founder said. “Reaching the incredible milestone of 1 billion rides is thanks to the hard work of our cap...

Toyota stop production in Pakistan and offered refunds

Toyota Indus has stopped assembling cars in Pakistan. The company is offering a full interest refund to its customers. The company's office said in a statement, that the people who wish to wait can wait for months to get automobiles imported. Many companies have planned to stop their work in Pakistan. Last week, companies like Careem, Vava cars, and many more decided to shut down their projects. Due to Economic Instability in the country companies wish to move out. Just like that, Toyota Indus also stopped production of cars in Pakistan. The company intends to do business but only on imported cars now. However, the firm agrees to give a refund to their customers. The agreement they had with the customers, is of full interest if the delivery got canceled from their side. Now the co...

IT Business Startups Getting Close in Pakistan

Many Startups related to the IT sector are closing in Pakistan. The economic crisis of Pakistan under the new government lead these companies to take these actions. New Government is not doing well in this important sector. Pakistan is facing an economic crisis for the past 6 months approximately. The country has been passing through one of the hardest times. It indirectly affects the startups in Pakistan. One of the major IT business startups is planning to close in Pakistan. Some IT-related business are SWVL, Careem, VAVA cars, and Airlift. Due to the country's economic insecurity, a ride-sharing business, SWVL, declared that it would be unable to operate in some sectors. Even though one of the giant sectors of IT entered Pakistan, VAVA cars are also planning to close due to Econ...