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Uber planning to expand its investments in Pakistan by 2020

ISLAMABAD: Taxi service Uber has decided to get bigger in Pakistan by investing $500 million to grow its operations in the country, the company said on Saturday.

It was announced during a meeting the Uber team and the Chairman Federal Board of Investment, Dr. Miftah Ismail.

The ride-hailing behemoth will invest the money to help expansion by 2020.

“We will continue to work closely with the government as Pakistanis benefit from reliable, affordable and safe transportation like Uber,” said Pierre-Dimitri Gore-Coty, Uber’s Head of Europe, Middle East and Africa.

“Pakistan is a key market for Uber which is why we are channelling significant investment to the country,” he added.

The service has covered six cities of the country since its launch in the Pakistani market back in 2015.

The additional investment is aimed at assisting growth in the driver partner network, expanding in more cities, creating more economic opportunities, and the enhancement of Uber’s customer services program.

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.