By Following its withdrawal from Islamabad, Karachi, Multan, and several other cities in 2022, Uber has ceased operations in Lahore as well. The ride-hailing service’s sudden unavailability in the city occurred without prior notifications or alert.
“We’ve made the decision to cease operating the Uber app in Pakistan,” an Uber spokesperson told local digital media outlet in a statement on Tuesday.
“Our subsidiary brand Careem will continue to operate, with the Careem app offering ride-hailing services across Pakistan and earning opportunities for drivers.’’
The decision is being seen as in line with Uber’s global growth strategy where it has rolled back or merged operations with its subsidiary.
In 2019, Uber announced its intention to purchase Careem for $3.1 billion. In the fourth quarter of 2023, Uber recorded a net profit of $1.4 billion, boosted by a $1 billion pre-tax net tailwind, largely stemming from unrealized gains tied to the revaluation of Uber’s equity investments.
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