India, June 18 -- Careem, Uber's ride-hailing arm in the Middle East, has announced it will end its service in Pakistan.
The company has operated in Pakistan since 2015 and even held a pioneer position in the country's app-based mobility market.
The company has cited macroeconomic reality, intensifying competition, and global capital allocation as the major challenges faced by it.
He further said, "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."
Sheikha said: "It's the end ...
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