Dubai June 18 2025: Careem will suspend its ride-hailing service in Pakistan on July 18 due to intensifying competition amid challenging macroeconomic reality.
“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” says Chief Executive Officer Mudassir Sheikha.
“It’s the end of an iconic chapter – one built with purpose, grit and a ton of relentless hustle” he added.
“While ride-hailing is sunsetting, Careem’s journey in Pakistan continues in a different role. Careem Technologies (the spinout building the Everything App) will continue to build from Pakistan for the region. Nearly 400 colleagues across all functions (including engineering) are building the Everything App and its ecosystem of verticals (food/grocery delivery, payments, and more)” Sheikha states.
“This presence is only set to grow, with over 100 open roles and the expansion of our Falcon / NextGen program that brings in top graduates from Pakistani universities and gives them hands-on training on building highly scalable systems” Sheikha social media post states.
Pakistan is in Careem’s DNA – our first line of code was written here, and the country remains a rich source of innovation and talent for us. Our commitment to Pakistan remains strong, and I sincerely hope to bring Careem’s services back to the country in the future.
