It is with a heavy heart that I share this update: Careem will suspend its ride-hailing service in Pakistan on July 18 , Fahad Sheikha Announced at Linkedin.<br />He Wrote That , This was an incredibly difficult decision. The challenging macroeconomic reality, intensifying competition, and global capital allocation made it hard to justify the investment levels required to deliver a safe and dependable service in the country. In the end, the Careem Rides team had to make this tough call.<br />It’s the end of an iconic chapter - one built with purpose, grit and a ton of relentless hustle.<br />Anchor: Hira Naveed<br /><br />#Careem #RideHailing #CareemClosure #RideService #Lahore <br /><br />Follow Us on Facebook: https://www.facebook.com/urdupoint.network/<br />Follow Us on Twitter: https://twitter.com/DailyUrduPoint <br />Follow Us on Instagram: https://www.instagram.com/urdupoint_com/<br />Visit Us on Web: https://www.urdupoint.com/
