Print Print 2022-10-12

Uber exits five cities, to continue services via unit Careem

Reuters Published October 12, 2022

KARACHI: Uber Technologies Inc will discontinue its ride-hailing services app in five cities in Pakistan including Karachi and Islamabad, the company said on Tuesday, in a move that will reduce market overlap between the US firm and its Middle East unit Careem.

Careem suspends food-delivery business in Pakistan over unfavourable economic conditions

The change, effective immediately, also covers the cities of Multan, Faisalabad and Peshawar, but the Uber app will continue operations in Lahore, where the company plans to launch new products.

Careem Uber Technologies Inc Uber app

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786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
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Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
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Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
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Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 14 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 14 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 14 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 14 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 14 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 14 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 14 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 14 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 14 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

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