Popular bus-sharing service Swvl announced on Thursday that it will “stop” daily rides within Karachi, Lahore, Islamabad and Faisalabad from Friday (June 3) “in light of the global economic slowdown”.
In a notification sent to app users, the service said that Swvl Travel (city-to-city) and Swvl Business (business-to-business) will remain fully operational.
The company said it began its journey in July 2019, driven by a mission to “solve a big problem” that we all face and live with every day.
The notification said, “SVVL promised that having reliable, comfortable and economical means of transport is not a fictional thing. We believed that every Pakistani should have this right, to move around safely every day.” Right.”
The announcement comes as the government has increased With a view to pacify the International Monetary Fund (IMF) for economic relief, the prices of petroleum products have been increased by Rs 30 per liter.
simultaneously, inflation Due to increase in transport and food prices during the month of May, it touched a nearly two-and-a-half year high of 13.76 per cent. Inflation accelerated from 13.37 per cent (YoY) on a year-on-year basis in April, to 0.44 per cent in month-on-month (MoM) growth in May.
Airlift, which began as a bus-sailing service, also Suspended Operations during the height of the Covid-19 pandemic. The company has since changed its business model to focus on Grocery Delivery operation in Pakistani cities.