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Careem has announced it will suspend its ride-hailing services in Pakistan from next month, marking the end of a decade-long chapter in the country’s transportation industry.
In a LinkedIn post on Wednesday, Careem CEO and co-founder Mudassir Sheikha said the decision was made due to “macroeconomic challenges, increased competition, and global investment shifts,” making continued operations financially unsustainable.
“This was an incredibly difficult decision,” Sheikha wrote. “But the team had to make the tough call after evaluating the long-term viability of maintaining a safe and dependable ride-hailing service in Pakistan.”
Despite ending its core ride service on July 18, Careem will remain operational in Pakistan under its Careem Technologies division, which focuses on developing commercial applications for users.
Sheikha praised Careem’s local team for their resilience, stating, “They built a service that millions relied on to move and earn, paving the way for digital infrastructure and economic empowerment.”
Nearly 400 Careem employees, including engineers, will continue working from Pakistan, with over 100 new roles opening as the company expands its NextGen training programme for local university graduates.
Careem Care will remain active until September 18 to assist users with pending issues. Users with balance in their Careem Wallet will receive instructions for recovery.
