Pakistan, June 18 -- Careem has announced it will stop its ride-hailing service in Pakistan from July 18, 2025, citing difficult economic conditions. The company's CEO, Mudassir Sheikha, shared the update on LinkedIn. He said that rising costs, strong competition, and limited investment support made it hard to run the service. Although the service is ending, the company is not leaving Pakistan completely.

Instead, Careem will continue to operate Careem Technologies, a tech-focused arm that is building its "Everything App". This app includes services like food and grocery delivery, digital payments, and more. Over 400 employees in Pakistan are working on this project. In fact, Careem plans to hire 100 more people and expand its Falcon/Nex...