Careem to invest $150 million in Pakistan; Will expand to 30 more cities

Careem to invest $150 million in Pakistan

Amid the chaos and uncertainty regarding a ban on the ride-hailing service Careem, it has announced that it will invest $150 million in Pakistan.

The ride-sharing company revealed that it is going to invest $150 million in the country over a course of five years and will set up measurable goals.

Careem plans to expand its services further in the country by entering in 30 more cities and creating one million job opportunities in the wake of expansion.

The company is optimistic about enabling more than 250,000 entrepreneurs through its Careem Partners’ Programme.

It also plans to build state of the art research and development center with top class engineers. Also, it aims to build a global call center to support customers and captains across 50 cities.

Careem and other mobile-based cab services were declared illegal earlier but it was later cleared that these services aren’t banned in the country yet.

CM Shehbaz Sharif has formed a four-member committee tasked with bringing the cab companies under the tax net and also to propose a legal framework to govern the mobile based cab companies in the next 15 days.

The company came under scrutiny after it was revealed that cab services are operating without registering the private cars with any regulatory body. Also, they never obtained fitness certificates/ route permits from the government.

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