Pakistan, Saudi Arabia top list of countries with highest number of Careem rides

Commuters make their way through a traffic jam in a commercial area in Karachi, Pakistan, on June 16, 2020. (AFP/File)
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Updated 29 November 2022
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Pakistan, Saudi Arabia top list of countries with highest number of Careem rides

  • Ride sharing app celebrates one billion rides across Middle East, North Africa and Pakistan
  • One billionth trip was completed in Qatar by Captain Razak Uppattil from Kerala

KARACHI: The ride sharing platform Careem celebrated one billion ride hailing trips across the Middle East, North Africa and Pakistan, a statement from the company released on Tuesday said, with Pakistan, Saudi Arabia and Egypt listed as the countries with the highest number of rides.

Careem Captains have driven over nine billion kilometers across more than 80 cities over ten years. Careem’s first ride took place in the UAE in September 2012 and was booked manually before the first line of code was written from Pakistan a few months later.

Careem expanded in popularity across the region as the first ride-hailing platform to offer cash payments. The percentage of Careem rides paid for digitally has grown from 31 percent in 2016 to 44 percent in 2022.

Careem’s one billionth trip was completed in Qatar by Captain Razak Uppattil from Kerala, India, who has been driving with Careem for four years and has completed over 10,500 trips on the platform. To celebrate this milestone, Careem gifted Uppattil a trip to his hometown in Kerala.

“The countries with the highest number of rides recorded are Pakistan (299 million), Saudi Arabia (242 million), and Egypt (230 million),” Careem said. “The longest single ride covered 1,113 kilometers, from Riyadh to Jazan in Saudi Arabia in 2020. The shortest single ride was a 200 meter trip in Lahore.”

The one billionth passenger was Genera Tesoro, a Careem customer from the Philippines who works as a receptionist at Padel In Aspire Zone in Doha. Genera completed more than 50 trips per month and said she chose Careem because it was a more affordable option.

“Reaching the incredible milestone of 1 billion rides is thanks to the hard work of our Captains and colleagues as well as the trust that our customers have placed in us,” Mudassir Sheikha, CEO & Co-founder of Careem, said.

“We feel blessed to have made it easier for people to move around and to have created earning opportunities for more than 2.5 million people. The opportunity ahead is large and humbling — our region is full of untapped potential and there’s so much more we must do to simplify and improve life for people in the region.”

Captain Uppattil, who completed the one billionth ride, commented:

“I thank God to have completed the 1 billionth trip. I have been at Careem for about four years and have so many favorite moments. It’s the people that I get to meet from all over the world that I really enjoy. I have three children back home in Kerala, India, and I am so excited to see them soon.”

Careem has more than 50 million registered customers, and 2.5 million registered Captains who have collectively earned over $4 billion in earnings to date. The highest number of trips recorded by a Careem Captain is 35,139 trips by a Captain in Jordan. The highest number of rides booked by a Careem customer is over 9,500 rides by a customer in Saudi Arabia.

Careem offers over a dozen services including ride-hailing, food and grocery delivery, micro-mobility, payments, and partner services including home cleaning, car rental, event bookings, and on-demand laundry services.


Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

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Pakistan stocks rebound on easing regional tensions, gain over 1,500 points

  • The development came after Iran said it was keeping communication channels with Washington open amid cost-of-living protests
  • It followed a threat by President Donald Trump last week to intervene militarily if Tehran continued cracking down on protesters

ISLAMABAD/KARACHI: The Pakistan Stock Exchange (PSX) edged higher on Tuesday as the benchmark index gained more than 1,500 points, with analysts citing easing regional tensions following signals of potential talks between Iran and the United States (US).

The benchmark KSE-100 index gained 1,567.36 points, or 0.86 percent, to close at 183,951.50 points, compared to the previous close of 182,384.14 points when the market had shed more than 2,000 points, according to PSX data.

Iran has been witnessing public unrest over worsening economic conditions. Around 2,000 people, including security personnel, have been killed in violent protests, Reuters reported, citing an Iranian official.

Tehran said on Monday that it was keeping communication channels with Washington open as US President Donald Trump imposed 25 percent tariffs on countries trading with the Islamic republic.

“Stocks showed sharp recovery at PSX after Iran and US signal talks over unrest in Iran,” Ahsan Mehanti, chief executive officer at Arif Habib Commodities, told Arab News.

“Surging global crude oil prices and speculations ahead of corporate results in the earnings season played a catalyst role in bullish close.”

Najeeb Ahmed Khan Warsi, digital and retail business officer at Al-Habib Capital Market, said the index had seen a three-day bearish streak.

“Geopolitics and global volatility driving downturn, profit-taking and economic concerns weigh in,” he added.

Meanwhile, Pakistani market research firm Topline Securities said the benchmark index ended the session on a “positive note” on Tuesday.

“Trading interest remained subdued, as total market volumes reached 1,033 million shares, while the value of shares traded stood at Rs62.9 billion,” it said in a daily market review on X.

United Bank Limited (UBL), National Bank of Pakistan (NBP), Muslim Commercial Bank Limited (MCB), Lucky Cement Limited (LUCK) and Meezan Bank Limited (MEBL) jointly contributed 936 points to the index, according to the research firm.

Fauji Fertilizer Company Limited (FFC), Sazgar Engineering Works Limited (SAZEW) and Haleon Pakistan Limited (HALEON) collectively shaved 158 points off the index.

“Bank of Punjab (BOP) led the volume rankings, emerging as the most actively traded stock with 73 million shares,” Topline Securities added.