Careem ride-haling app customers in Pakistan can now bid their own price

Yasmin Perveen, one of the pioneer women "captains" of Careem, checks her work app before driving her car in Islamabad, Pakistan on December 7, 2016. (REUTERS/File)
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Updated 29 November 2023
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Careem ride-haling app customers in Pakistan can now bid their own price

  • Flexi Ride is currently available only in the cities of Islamabad, Multan and Faisalabad
  • Careem is a Dubai-based super app with operations in over 100 cities in12 countries

ISLAMABAD: Ride-hailing app Careem has launched Flexi Ride this week, allowing customers to bid for and choose their preferred price, the company said.

The service is currently available only in the cities of Islamabad, Multan and Faisalabad, with plans to expand to Lahore and Karachi.

“At the time of booking, an average fare will be displayed to the customers, allowing them to increase or reduce the price,” Careem said in a press release. “The bid will be sent to multiple Captains in the area, allowing them to accept the ride or send a counter-bid. Once the price matches, a Captain will be assigned to the customer, beginning their journey.”

Commenting on the launch of Flexi Ride, Imran Saleem, General Manager Ride Hailing at Careem Pakistan, said by introducing Flexi Rides, the company was “giving customers the flexibility to choose their own fares, all while offering unparalleled experience and the utmost level of safety.”

“Similarly, this will enable the Captains to choose the fares on their own rides, ultimately resulting in a positive impact on their overall earnings,” he added. “We believe this flexibility will resonate with both our customers and Captains making their journey more convenient and enjoyable.”

Careem is a Dubai-based app with operations in over 100 cities, covering 12 countries across the Middle East, Africa, and South Asia regions. The company, which was valued at over $2 billion in 2018, became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020.

Careem launched in Pakistan in 2015. In June 2022, Careem suspended food delivery service in the South Asian country, citing unfavorable economic conditions.


Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

Updated 25 December 2025
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Pakistan, ADB sign $730 loan agreements to boost SOE reforms, energy infrastructure

  • Both sign $330 million Power Transmission Strengthening Project and $400 million SOE Transformation Program loan agreements
  • Economic Affairs Division official says Transmission Project will secure Pakistan’s energy future by strengthening national grid’s backbone

KARACHI: Pakistan and the Asian Development Bank (ADB) on Thursday signed two loan agreements totaling $730 million to boost reforms in state-owned enterprises (SOEs) and energy infrastructure in the country, the bank said.

The first of the two agreements pertains to the SOE Transformation Program worth $400 million while the second loan, worth $330 million, is for a Power Transmission Strengthening Project, the lender said. 

The agreements were signed by ADB Country Director for Pakistan Emma Fan and Pakistan’s Secretary of Economic Affairs Division Humair Karim. 

“The agreements demonstrate ADB’s enduring commitment to supporting sustainable and inclusive economic growth in Pakistan,” the ADB said. 

Pakistan’s SOEs have incurred losses worth billions of dollars over the years due to financial mismanagement and corruption. These entities, including the country’s national airline Pakistan International Airlines, which was sold to a private group this week, have relied on subsequent government bailouts over the years to operate.

The ADB approved the $400 million loan for SOE reforms on Dec. 12. It said the program seeks to improve governance and optimize the performance of Pakistan’s commercial SOEs. 

Karim highlighted that the Power Transmission Strengthening Project will enable reliable evacuation of 2,300 MW from Pakistan’s upcoming hydropower projects, relieve overloading of existing transmission lines and enhance resilience under contingency conditions, the Press Information Department (PID) said. 

“The Secretary emphasized that both initiatives are transformative in nature as the Transmission Project will secure Pakistan’s energy future by strengthening the backbone of the national grid whereas the SOE Program will enhance transparency, efficiency and sustainability of state-owned enterprises nationwide,” the PID said. 

The ADB has supported reforms by Pakistan to strengthen its public finance and social protection systems. It has also undertaken programs in the country to help with post-flood reconstruction, improve food security and social and human capital. 

To date, ADB says it has committed 764 public sector loans, grants and technical assistance totaling $43.4 billion to Pakistan.