Ride-hailing services have gained immense popularity in Pakistan in recent years. Companies such as Uber, Careem, and Bykea have revolutionized the way people travel in the country’s major cities like Karachi, Lahore, and Islamabad.
With the convenience of booking a ride through a mobile app, people can now easily travel to their desired destinations without the hassle of negotiating fares or finding parking.
Additionally, ride-hailing services have provided job opportunities to thousands of drivers in Pakistan, boosting the country’s economy.
It’s Yango, This Time!
During a virtual meeting, Yango’s President Anton Zykov held talks with Pakistan’s Federal Minister Chaudhry Salik Hussain for Investment regarding the company’s investment plans.
Let’s Get to Know Yango
It is a ride-hailing service owned by the Russian tech giant Yandex. It offers various services, including ride-hailing, food delivery, and e-commerce. Yango operates in 33 countries across Africa, Europe, the Middle East, and South America.
The company also offers several ride options, including standard, comfort, and business, and a delivery service for goods. Its mobile app provides users with traffic information and an estimated arrival time for their ride.
How Will Yango Benefit Pakistan?
A lack of a reliable and efficient transport system in Pakistan, especially in its biggest cities, including Karachi, Lahore, Islamabad, etc., has compounded the difficulties faced by its citizens.
Karachi is a sprawling metropolis, but it still lacks an efficient public transport system that could make life easier for people living there. The government is bringing in more buses and other forms of public transport.
The arrival of another ride-hailing service in the city will provide commuters with more options for convenient, reliable, and safe transportation.
This investment is anticipated to generate employment and attract significant foreign capital into the country. The company intends to modernize Pakistan’s transportation systems beginning with major cities, including Karachi, Lahore, etc., through innovation and technology,
It will bolster the economy by creating job opportunities and attracting foreign investment. The investment presents opportunities for partnership and progress, and both countries are optimistic about the potential benefits.