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Careem

Careem co-founder Mudassir talks AI and sustainability on GITEX sideline

Autonomous driving will be ‘last frontier’ of AI disruption for us, says ride-hailing company's CEO Mudassir Sheikha

Updated 18 Oct, 2023 07:06pm

Technology

High fuel prices are changing the landscape of ride-hailing: how are the players responding

The government, as its parting gift, increased petrol and high-speed diesel prices by nearly 8% in one go. Petrol...

Published 04 Aug, 2023 01:03pm

Business & Finance

Airport transportation in Karachi: Careem partners with White Car

KARACHI: Careem has announced its collaboration with White Car, a renowned local car service provider in Karachi....

Published 18 Jul, 2023 05:51am

Perspectives

Startups in Pakistan: where shutdowns kill competition

The past few quarters have proved to be horrendous for Pakistan’s startup sector with the country experiencing major...

Published 06 Jul, 2023 03:16pm

Business & Finance

Careem launches mass-commute service

KARACHI: Careem has introduced mass-commute services for corporate clients across all major cities in Pakistan as...

Published 18 May, 2023 06:10am

Business & Finance

As mobile broadband remains suspended, Careem launches 'helpline' bookings in Karachi

Rides will be cash-based since digital payments are also hindered

Published 11 May, 2023 11:54pm

Technology

Suspension of mobile broadband: telecom operators lose Rs820mn, source says

Ride-hailing, food delivery cite ‘drastic’ impact in business

Updated 10 May, 2023 07:16pm

Technology

UAE’s e& to acquire majority stake in Careem’s Super App for $400mn

Investment comes as Emirates Telecommunications Group Company looks at scaling up consumer digital offerings

Published 10 Apr, 2023 11:30am

Pakistan

Careem introduces in-app donations

KARACHI: In the spirit of the auspicious month of Ramazan, Careem, the pioneer of ride-hailing services in Pakistan,...

Published 08 Apr, 2023 06:21am

Pakistan

Careem to launch female-driven bike service for women

KARACHI: On the occasion of International Women’s Day, Careem has announced plans to launch a new women-driven...

Published 08 Mar, 2023 06:20am

Pakistan

Careem intends to launch women-driven motorbike service for Pakistani females

Careem, the global ride-hailing service, announced on Tuesday its plan to launch a new women-driven motorbike...

Published 07 Mar, 2023 06:14pm

Pakistan

Careem celebrates 10-year anniversary with documentary

ISLAMABAD: Careem celebrated its 10-year anniversary with a documentary titled “A Decade in Motion”, capturing...

Published 24 Feb, 2023 06:00am

Business & Finance

Careem partners with Fly Jinnah to expand C4B portfolio

KARACHI: Careem has partnered with Fly Jinnah, a new private airline, to expand its corporate portfolio called ...

Published 02 Feb, 2023 06:12am

Business & Finance

Careem partners with GOPL for discounts on fuel

KARACHI: Careem, the pioneer of ride-hailing in Pakistan, has achieved yet another milestone by partnering with the...

Published 17 Jan, 2023 06:02am

Business & Finance

Careem partners with Lulu Exchange

KARACHI: Careem has partnered with Lulu Exchange, one of UAE’s largest licensed remittance providers, to launch...

Published 12 Jan, 2023 05:51am

Technology

Careem hits milestone of 1 billion rides with Pakistan clocking in highest contribution

Total number of rides recorded in Pakistan are at 299 million

Published 29 Nov, 2022 03:35pm

Business & Finance

Fuel management solution: Shell Pakistan partners with Careem, Muawin

KARACHI: Shell Pakistan Limited collaborated recently with Careem and Muawin to provide a fuel management solution...

Published 11 Nov, 2022 06:02pm

Uber exits five cities, to continue services via unit Careem

KARACHI: Uber Technologies Inc will discontinue its ride-hailing services app in five cities in Pakistan including...

Published 12 Oct, 2022 06:20am

Technology

Uber discontinues ride-hailing services in 5 cities

Riders from Karachi, Islamabad, Faisalabad, Multan and Peshawar will no longer be able to use service
Careem says it remains bullish on its commitment to Pakistan

Updated 11 Oct, 2022 03:44pm

Business & Finance

Credit, debit cards: Careem introduces digital payment visibility for ‘captains’

KARACHI: Careem has introduced visibility for credit/ debit card payments to all its ‘captains’ across Karachi,...

Published 14 Sep, 2022 04:45am

Technology

Play Tests not T20s in business, IT sector stalwarts advise startups

KARACHI: IT sector stalwarts have advised startup founders to play the long game and avoid going for the quick buck,...

Published 24 Aug, 2022 09:17pm

Technology

CarFirst announces shutdown of operations in Pakistan

Says team will remain in place to handle closing of the entity, and to respond to queries from partners and customers throughout the closing period

Updated 20 Aug, 2022 11:16am

Business & Finance

Dubai-based founder of 3 startups says VC ecosystem in Pakistan will find its footing

Dubai-based Zohare Haider, founder of three startups including a digital agency and a restaurant information...

Updated 11 Aug, 2022 10:44am

Perspectives

Businesses and their 'political' statements: riding the wave?

On Tuesday night, the Supreme Court of Pakistan declared declared PML-Q leader Chaudhry Pervaiz Elahi as ...

Published 29 Jul, 2022 01:02am

Business & Finance

From seeing a startup go belly up, Careem CEO Mudassir Sheikha has come a long way

At 21, Mudassir Sheikha saw the startup he worked for go belly-up, forcing the then young-graduate to introspect....

Updated 20 Jul, 2022 09:45am

Technology

Posterchild of Pakistan's startups: Airlift announces complete shutdown

Company says it will ensure all of its employees are 'sufficiently protected' with two months of payroll, setting up platform for job placement, and creating support systems for aspiring entrepreneurs

Published 13 Jul, 2022 02:08am

Business & Finance

Careem launches carpooling service

KARACHI: Given the massive hike in global fuel prices, the everyday office-goer is the most affected by the current...

Published 29 Jun, 2022 07:27am

Pakistan

Vitol-backed VavaCars announces shutting down Pakistan operations

The company notified raising $50mn last year to expand operations in Pakistan and Turkey

Published 23 Jun, 2022 09:21pm

Business & Finance

TDCP joins hands with Careem

LAHORE: To increase the magnitude of tourism in Punjab, the Tourism Development Corporation of Punjab (TDCP) has...

Published 03 Jun, 2022 05:56am

From Moody's to Miftah: in case you missed Thursday's developments, here is a rundown

Pakistan's economy has been the centre of attention for several months with inflation readings, hike in interest...

Published 03 Jun, 2022 12:50am

Gainers
Losers
Leaders

Stock	Price
Dewan Sugar / Dec 1 Dewan Sugar Mills Limited(DWSM)	3.73 ▲ 1.00 (36.63%)
Universal Ins. / Dec 1 The Universal Insurance Company Limited(UVIC)	6.15 ▲ 1.00 (19.42%)
Saritow Spinning / Dec 1 Saritow Spinning Mills Limited(SSML)	7.98 ▲ 1.00 (14.33%)
Ruby Textile / Dec 1 Ruby Textile Mills Limited(RUBY)	5 ▲ 0.60 (13.64%)
Abdullah Shah / Dec 1 Abdullah Shah Ghazi Sugar Mills Limited(AGSML)	6.90 ▲ 0.73 (11.83%)
PICIC Ins.Ltd. / Dec 1 PICIC Insurance Limited(PIL)	1 ▲ 0.10 (11.11%)
Trust Sec.& Brok. / Dec 1 Trust Securities & Brokerage Limited(TSBL)	9.95 ▲ 0.89 (9.82%)
Next Capital / Dec 1 Next Capital Limited(NEXT)	6.22 ▲ 0.55 (9.70%)
Shaheen Ins. / Dec 1 Shaheen Insurance Company Limited(SHNI)	3.65 ▲ 0.32 (9.61%)
Haseeb Waqas / Dec 1 Haseeb Waqas Sugar Mills Limited(HWQS)	11.37 ▲ 0.99 (9.54%)

Stock	Price
Tri-Star Mutual / Dec 1 Tri-Star Mutual Fund Limited(TSMF)	5.05 ▼ -0.58 (-10.30%)
Aruj Industries / Dec 1 Aruj Industries Limited(ARUJ)	8.15 ▼ -0.87 (-9.65%)
Askari Life Assur. / Dec 1 Askari Life Assurance Company Limited(ALAC)	5.45 ▼ -0.50 (-8.40%)
Hallmark Co. / Dec 1 Hallmark Company Limited(HCL)	196.11 ▼ -15.90 (-7.50%)
Siemens Pak. / Dec 1 Siemens (Pakistan) Engineering(SIEM)	717.18 ▼ -58.15 (-7.50%)
Leiner Pak Gelat / Dec 1 Leiner Pak Gelatine Limited(LPGL)	21.71 ▼ -1.46 (-6.30%)
HBL Growth Fund / Dec 1 HBL Growth Fund(HGFA)	8.05 ▼ -0.44 (-5.18%)
Kohinoor Power / Dec 1 Kohinoor Power Company Limited(KOHP)	5.16 ▼ -0.26 (-4.80%)
Unilever Foods / Dec 1 Unilever Pakistan Foods Limited(UPFL)	21500 ▼ -1000.00 (-4.44%)
Samba Bank / Dec 1 Samba Bank Limited(SBL)	8 ▼ -0.36 (-4.31%)

Stock	Volume
Fauji Foods Ltd / Dec 1 Fauji Foods Limited(FFL)	34,548,158 ▼ -0.05
Fauji Fert Bin / Dec 1 Fauji Fertilizer Bin Qasim Limited(FFBL)	33,025,000 ▲ 0.20
Maple Leaf Cement / Dec 1 Maple Leaf Cement Factory Limited(MLCF)	30,664,191 ▲ 2.24
WorldCall Telecom / Dec 1 Worldcall Telecom Limited(WTL)	28,095,487 ▲ 0.05
Fauji Cement / Dec 1 Fauji Cement Company Limited(FCCL)	26,348,000 ▲ 1.32
Pak Elektron / Dec 1 Pak Elektron Limited(PAEL)	25,697,377 ▲ 1.01
Dewan Cement / Dec 1 Dewan Cement Limited(DCL)	17,398,000 ▼ -0.01
B.O.Punjab / Dec 1 The Bank of Punjab(BOP)	16,209,942 ▼ -0.08
Hum Network / Dec 1 Hum Network Limited(HUMNL)	13,871,000 ▲ 0.33
Air Link Com. / Dec 1 Air Link Communication Limited(AIRLINK)	13,095,009 ▲ 4.32

Markets →

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 30	285.78
USD PKR Interbank Buying / Nov 30	285.23
USD to Japanese Yen / Nov 30	148.02
USD to Swiss Franc / Nov 30	0.87
Pound Sterling to USD / Nov 30	1.26
Euro to USD / Nov 30	1.09
UK LIBOR % / Nov 30	5.46

Stock	Volume
S&P 500 / Nov 30	4567.80
India Sensex / Nov 30	66988.44
Tokyo Nikkei / Nov 30	33486.89
Nasdaq / Nov 30	14226.22
Hang Seng / Nov 30	17042.88
FTSE 100 / Nov 30	7453.75
Dow Jones / Nov 30	35950.89
Germany DAX 30 / Nov 30	16215.43
France CAC40 / Nov 30	7310.77

Item	Value
Crude Oil USD/Barrel / Nov 30	75.50
Karachi Cotton PKR/37.32 KG / Nov 30	17435
Gold 10 Grams PKR / Nov 30	189472
Gold Spot USD/Ounce / Nov 30	2039.45
Cotton US¢/pound / Nov 30	80.06

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