ISLAMABAD -- The company that introduced ride-hailing to Pakistan has announced it will cease operations in the country due to intense competition and market challenges.
Transportation
Careem exit from Pakistan ride-hailing reverberates through startup circles
Economic instability and cut-rate competition drive out another tech company
A female Careem driver checks her app in Islamabad in 2016. Consumer price sensitivity was one factor that drove Careem out of Pakistan. © Reuters
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