Uber On Friday confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will continue to lead the Careem business, which will report to a board made up of three representatives from Uber and two representatives from Careem. Careem and Uber will operate their respective regional services and independent brands. With the closing of the deal, Uber has acquired Careem’s mobility, delivery, and payments businesses across the... Read More.
Shell Pakistan Limited (Shell Pakistan) is collaborating with Pakistan’s highly trusted automobile website, PakWheels.com (PakWheels) to launch an exclusive portal. PakWheels is a website that provides information regarding vehicles; and has over the years won the trust of their visitors and established a good readership. Through this alliance , Shell Pakistan and PakWheels will provide a holistic gateway offering authentic and relevant information regarding Shell’s consumer lubricants. Shell offers a wide range of consumer and industrial lubricants and has collaborated with PakWheels to engage its visitor base of over... Read More.
When the Prime Minister of Malaysia, Yang Amat Berhormat Tun Dr Mahathir Mohamad visited Pakistan for the country’s Resolution Day Celebrations in March this year, he gifted the Prime Minister of Pakistan, His Excellency Mr Imran Khan, a unit of the Proton X70 during a ceremonial plaque signing ceremony. Today, Malaysian car manufacturer PROTON delivered a Proton X70 to the government of Pakistan. Representing Malaysia at the handover ceremony were His Excellency Mr Ikram Mohammad Ibrahim, Malaysian High Commissioner to Pakistan, as well as En. Khalid Yusof, Director of... Read More.
Uber, the global ride-hailing giant connecting riders to drivers, has partnered with the Technical Education & Vocational Training Authority (TEVTA) to support the Government of Punjab’s objective of creating economic opportunities. Their goal is to use demand-driven, standardized, dynamic, and integrated technical education and vocational training services to create a productive workforce. Speaking at TEVTA’s Certificate and Driving License Distribution Ceremony, Saad Naveed Pall, GM Uber, said, “Uber seeks to empower individuals to benefit from the opportunities the digital economy has to offer.” He further added, “We are hopeful... Read More.
JazzCash, Pakistan’s fastest growing digital financial service provider, and Bookme, a leading e-ticketing platform for transport and entertainment, have launched Bus Ticketing services to JazzCash customers across Pakistan. This service allows travelers to log on to their JazzCash app and complete end-to-end bus ticket booking for their journey. Users can use their mobile account balance to pay for the ticket and with real-time integration; they will be issued a ticket instantly, without the need to stand in queues. Mariam Hussain Randhawa, Head of Consumer Productsat Jaz Cash, commented... Read More.
KIA Lucky Motors has launched the much-awaited, Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first All-Wheel Drive car with 100,000 km or 4 years warranty. KIA Sportage comes in two models- top of the line being an All-Wheel Drive (AWD) version, which is a first of its kind in Pakistan among locally manufactured vehicles. We promised that we will introduce high-tech specifications and innovation and we have started setting the benchmark for the industry already, said confident looking CEO of Kia Lucky Motors, Asif Rizvi while... Read More.
Uber, the global ride-hailing giant connecting riders to drivers, has announced the launch of UberPITCH 2019, a nationwide competition aimed at enabling budding entrepreneurs. The contest gives tech startups a platform to pitch their ideas to some of Pakistan’s most prominent tech giants. The announcement was made at a networking event attended by thought leaders and entrepreneurs committed to boosting tech innovation in Pakistan. The UberPITCH contest, powered by Ignite in collaboration with the National Incubation Centers (NICs), is aimed at giving young entrepreneurs an opportunity to be guided... Read More.
As part of its continued commitment to safety, Uber has made significant steps to improve safety in recent years by making it a top priority and putting it at the heart of everything the company does. Uber is rolling out Check Your Ride in-app reminders and push notifications to all riders across the region where it operates, just as it did in the United States in April. Over the past few years, Uber introduced a number of safety products so that when you get inside your ride you can... Read More.
Pak Suzuki Motor Company (PSMC) has announced the launch date of its new car, Alto 660, the replacement of Mehran, as June 15, 2019 amid sharp economic slowdown in the country. The Japanese automaker made the announcement through its official Facebook page. “No doubt, it’s a tough time as economic conditions are deteriorating day by day,” said auto industry analyst Faizul Sultan. “We are not certain where the rupee will find its floor. In this situation, the pricing of the new model will be a challenge for Suzuki,” he... Read More.
Pak Suzuki Motors has started local production of 660cc Alto after the discontinuation of its top-selling Mehran 800cc for its consumers, according to Local Blog. It reported last year that the company is looking to launch Suzuki Alto next year and it is now confirmed with the leak of new pictures. It has been rumored that company has already manufactured 25 units for the testing purposes. Both automatic and manual transmission of this new hatchback will be available with 660cc engine. Three variants are rumored to... Read More.
Uber is set to buy its Middle Eastern rival Careem for $3.1 billion, financial news agency Bloomberg reported Sunday. The deal, expected to be announced Tuesday, will see Uber pay $1.4 billion in cash and the rest in notes convertible to Uber shares, Bloomberg reported, citing people with knowledge of the matter. It comes as Uber prepares for its initial public offering — expected next month — which could, according to some estimates, see the rideshare giant’s value increase to $100 billion. Dubai-based Careem boast more... Read More.
Pak Suzuki Motor Company Limited (PSMC) launched the much-anticipated 150cc Suzuki Gixxer ‘Street Sport Bike’ — designed on Japanese standards — during an event held recently at a local hotel. Pak Suzuki Managing Director Masafumi Harano, Marketing and Sales Functional Head Aamir Shaffi and Staff General Manager Fumihiro Sakurai were present on the occasion. The event began with the official kick-off of “MySuzukiMyStory” season 2, the award-winning digital campaign of Pak Suzuki. The campaign gave the PSMC customers an opportunity to share their personal stories and experiences... Read More.
SINOTRUK one of the leading Chinese state-owned heavy-duty truck company unveiled its new models of green energy and next generation trucks with enhancement to well-established heavy-duty truck at Royal Palm Golf and Country Club on 20th March 2019. SINOTRUK has developed eminent position in market network through quality and advanced truck technology in the world. In 2013 SINOTRUK stepped in Pakistan market by joining hands with a local partner Dysin Automobiles Limited: the sole distributor of SINOTRUK. DYSIN has nation-wide presence of well-established 3 S dealer and more than... Read More.
Hyundai Nishat Motors Ltd officially unveiled Santa Fe and Grand Starex in Lahore’s Emporium Mall . The two vehicles will be manufactured by the joint venture between Hyundai and Nishat group. Mr and Ms Mian Mohammad Mansha of the Nishat Group, Millat Group Chairperson Sikander Mustafa Khan and dignitaries from the Hyundai Motor Company were among those who attended the launch ceremony. Chief Operating Officer Tatsuya Sato Said that“This is a first step of our great journey to provide our customers a friendly environment wherein they can explore... Read More.
CarFirst, Pakistan’s leading online auction and trading platform for used car, launched its Merchant Program to help grow the number of entrepreneurs in Pakistan’s Auto Industry. CarFirst’s Merchant Program is a new initiative to assist auto brokers, investors, and agents to rapidly scale up their business and increase volumes by joining the CarFirst partner network. CarFirst’s aims also to help local auto-entrepreneurs, individuals who want to start a sustainable business in the automobile industry, who are looking to increase the scalability of their business. CarFirst is a first of... Read More.
Regal Automobiles Industries Limited is ready to shake the local auto market with its all-new hatchback.Prince is all geared up to release its new 800cc hatchback car that makes 40hp at 5,500rpm and 60.5Nm of torque at 3,500-4,500rpm. The car is expected to be on the road in the first half of this year. Its expected price is around Rs0.7 to 0.75 million. The company is launching the car in two different variants; manual and automatic. The top speed of the car is 120/130 Km per hour. Suzuki Mehran and... Read More.
China Mobile plans to roll out a collection of 5G services on the highway, beginning with “smart toll stations” that could do away with current toll transponders and human operators. The carrier also plans to gather real-time traffic information and make AI-assisted predictions using the data, as well as supporting autonomous cars. China is moving forward in the global “race to 5G,” as state-owned carrier China Mobile has announced that it’s already building the first 5G smart highway — a city-scale system of roads capable of supporting cellular network-coordinated transportation... Read More.
Shell announced today that Malaysia will host Shell Eco-marathon Asia in 2019 as part of its global Make the Future Live programme. Held at Sepang International Circuit, Kuala Lumpur, the Asia competition comes back to where it was first held in 2010, and celebrates its 10th year of challenging bright young student minds to design and build ultra-energy-efficient cars, and then take them out on the track in competition. From April 29 to May 2 over100 teams from all over Asia and the Middle East will test their self-built energy-efficient... Read More.
CarFirst, Pakistan’s leading used car online auction and trading platform, launched their Dost Program in January, an incentive program open to everyone who wishes to help their friends sell their cars to CarFirst. Over 8000 people signed up for the program within weeks of its launch. The Dost Program an incentive program is open to every city in Pakistan. Anyone can become a CarFirst Dost by registering online, free of cost and start receiving cash rewards for each car sold to CarFirst via their reference. For the CarFirst Dost,... Read More.
The government has no plan to amend import policy of three-year old used cars following demand of local car manufacturers. The local car manufacturers have been pressing the government to reduce the age of used cars so that their imports could be reduced. At present, the prevalent policy, used vehicles are imported under the gift, baggage and transfer of residence schemes for the overseas Pakistanis who ship such vehicles individually. Official said that government had recently made some changes in import policy of used vehicles under which the duty... Read More.