ISLAMABAD: An Egyptian smart transportation company, Swvl, announced its decision to discontinue intracity rides from June 3 in four major urban centers of Pakistan in a statement released on Thursday.
Swvl began its journey in Pakistan in July 2019 to offer affordable means of transportation to people living in different parts of the country.
The transportation startup provided three different services, including rides within and among cities along with smart transportation solution to local businesses.
“In light of the global economic downturn, we are pausing our Swvl Daily rides within the cities of Karachi, Lahore, Islamabad, and Faisalabad starting from Friday the 3rd of June, 2022,” the company said in its statement.
“You can always rely on us to travel city-to-city as Swvl Travel rides are fully operational as well as Swvl Business-to-Business rides,” it continued.
Last month, Pakistan raised fuel prices by Rs30 per liter amid a major economic crisis to fulfil one of the conditions set by the International Monetary Fund (IMF) for the resumption of a loan program amounting to $6 billion.
Swvl said in its statement that it believed that every Pakistani should have the right to reliable, comfortable and affordable transportation to safely commute from one point to another.
The company also thanked its subscribers for giving it the opportunity to serve them on a daily basis in the statement.
