AIRLINK 81.20 Increased By ▲ 2.81 (3.58%)
BOP 5.28 Decreased By ▼ -0.06 (-1.12%)
CNERGY 4.37 Increased By ▲ 0.04 (0.92%)
DFML 33.19 Increased By ▲ 2.32 (7.52%)
DGKC 77.48 Decreased By ▼ -1.03 (-1.31%)
FCCL 20.67 Increased By ▲ 0.09 (0.44%)
FFBL 31.41 Decreased By ▼ -0.89 (-2.76%)
FFL 10.02 Decreased By ▼ -0.20 (-1.96%)
GGL 10.35 Increased By ▲ 0.06 (0.58%)
HBL 117.90 Decreased By ▼ -0.60 (-0.51%)
HUBC 135.24 Increased By ▲ 0.14 (0.1%)
HUMNL 6.91 Increased By ▲ 0.04 (0.58%)
KEL 4.57 Increased By ▲ 0.40 (9.59%)
KOSM 4.75 Increased By ▲ 0.02 (0.42%)
MLCF 37.75 Decreased By ▼ -0.92 (-2.38%)
OGDC 134.71 Decreased By ▼ -0.14 (-0.1%)
PAEL 23.55 Increased By ▲ 0.15 (0.64%)
PIAA 26.75 Increased By ▲ 0.11 (0.41%)
PIBTL 7.01 Decreased By ▼ -0.01 (-0.14%)
PPL 113.24 Decreased By ▼ -0.21 (-0.19%)
PRL 27.82 Increased By ▲ 0.09 (0.32%)
PTC 14.80 Increased By ▲ 0.20 (1.37%)
SEARL 57.89 Increased By ▲ 1.39 (2.46%)
SNGP 67.00 Increased By ▲ 0.70 (1.06%)
SSGC 11.05 Increased By ▲ 0.11 (1.01%)
TELE 9.25 Increased By ▲ 0.10 (1.09%)
TPLP 11.61 Decreased By ▼ -0.06 (-0.51%)
TRG 72.75 Increased By ▲ 1.32 (1.85%)
UNITY 25.38 Increased By ▲ 0.87 (3.55%)
WTL 1.41 Increased By ▲ 0.08 (6.02%)
BR100 7,499 Increased By 6.6 (0.09%)
BR30 24,662 Increased By 103.6 (0.42%)
KSE100 71,973 Decreased By -78.8 (-0.11%)
KSE30 23,740 Decreased By -67.6 (-0.28%)

imageThe US based ride hailing app company Uber, is all set to enter road map of Karachi soon, in a move seen as an expansion of operations by the transportation network.

Uber informed about the move in its message on Twitter, where it also added that the capital Islamabad would be its next stop after Karachi.

imageimageAs per local media reports, Uber logistical setup for Karachi has been completed, whereas the company is in the process of hiring for a while. All set, Uber is expected to launch its operation in Karachi in the coming days. However, the exact date was not provided by the company.

Uber entered Pakistan in early part of 2016, when it picked up Lahore in March to launch its services. Recently, the country has seen an influx of international ride hailing apps, the Middle East based Careem is also operating here.

The controversial ride hailing app is bound to face competition from Careem, which already boosts a presence across three major Pakistani cities i.e. Karachi, Lahore and Islamabad. The competition however, would be good for the app customers.

Uber was founded by Travis Kalanick and Garrett Camp in 2009 with the app released the following June. The company has witnesses international expansion , and by late 2015, it was estimated to be worth $62.5 billion.

Copyright Business Recorder, 2016

Comments

Comments are closed.