Swvl decides to pause daily rides in major cities owing to economic downturn

Swvl decides to pause daily rides in major cities owing to economic downturn

Popular bus-sharing service Swvl announced on Thursday that it would be “pausing” daily rides within Karachi, Lahore, Islamabad and Faisalabad from Friday (June 3) “in light of the global economic downturn”. The announcement comes as the government has increased the prices of petroleum products by Rs30 per litre in a move aimed at placating the International Monetary Fund (IMF) for an economic bailout.

READ ALSO: MOODY’S DOWNGRADES PAKISTAN’S OUTLOOK FROM STABLE TO NEGATIVE

In a notification sent to app users, the service said that Swvl Travel (city-to-city) and Swvl Business (business-to-business) would remain fully operational.

Swvl aims to cut its workforce by 32 per cent, according to the company’s official press release. Roles that have been automated as a result of investments in the Company’s engineering, product, and support operations will be targeted for reductions. Swvl intends to provide monetary, non-monetary, and job placement assistance to assist specific employees in transitioning to new responsibilities.

Airlift, which began as a bus-hailing service, had also suspended operations during the height of the Covid-19 pandemic. The company has since changed their business models to focus on grocery delivery operations in Pakistani cities.

The company’s big move comes just days after Airlift announced that it was reducing headcount by 31 per cent across all countries and limiting categories on the platform. Also, the company has withdrawn from several markets, including Faisalabad, Gujranwala, Sialkot, Peshawar, Hyderabad, Johannesburg, Cape Town, and Pretoria.

Source: Dawn

Related News

Thrilling adventures every Pakistani must try

Thrilling adventures every Pakistani must try

Adventure sports in Pakistan are a gateway to experiencing the country’s rugged beauty, diverse terrain, and rich cultural heritage. From the soaring peaks of the world’s second-highest mountain, K2, to the white-water rapids of its pristine rivers, and the vast expanse of its deserts, Pakistan’s topography provides an ideal backdrop for a wide array of thrilling outdoor activities. Whether you’re

5 countries you can travel to instead of buying an iPhone 15

5 countries you can travel to instead of buying an iPhone 15

In a world increasingly obsessed with the latest gadgets and technology, there’s a remarkable alternative waiting to be explored for those seeking richer experiences and memorable adventures. Instead of splurging on the latest iPhone, consider the wealth of affordable travel destinations that beckon from Pakistan’s doorstep. In this guide, we’ll uncover some of the most captivating and inexpensive travel destinations beyond Pakistan, proving that investing in experiences can be far more rewarding than the latest piece of tech. So, put down that smartphone and join us on a journey through the enchanting world of affordable travel alternatives from Pakistan.

Unbreakable records made by Pakistanis that make the nation proud

Unbreakable records made by Pakistanis that make the nation proud

From the heights of the Himalayan mountains to the depths of artistic and sporting achievements, Pakistanis have showcased their exceptional skills and determination on the global stage. These remarkable world records not only reflect the spirit and resilience of the Pakistani people but also serve as a testament to the boundless human potential that transcends geographical boundaries. In this exploration of world records made by Pakistanis, we delve into the remarkable achievements that have made the nation proud and have left an indelible mark on the world stage.

Unbelievable foods only fearless Pakistanis love to eat

Unbelievable foods only fearless Pakistanis love to eat

While you may have heard of classics like biryani and kebabs, there’s a whole world of unusual Pakistani foods waiting to be uncovered. Pakistan is a land of diverse cultures, traditions, and cuisines, where the culinary journey is an adventure through a kaleidoscope of flavors. These extraordinary dishes showcase the country’s diverse culture and fearless approach to flavors. From spicy snacks that pack a punch to strange but delicious delicacies, Pakistani cuisine is full of surprises.