CPEC is one great example of Pakistan-China friendship in order to improve the economic standing of both countries. Here comes another GOOD NEWS. Recently a Chinese firm announced that they are willing to invest $20 million in-cab and cargo services in Pakistan. However, this will bring a new change in the economy of Pakistan.
Chinese Company “Timesaco “
A Chinese company named Timesaco is all set to launch its online Buraq Taxi service on August 10 in six big cities of Pakistan. However, this leads competition with two ride-hailing services called Careem and Uber are already operating in the Pakistani market.
Buraq Taxi service introduced in the six main cities including Lahore, Karachi, Faisalabad, Islamabad, Rawalpindi, and Peshawar. However, it has multiple features and providing the latest technology for drivers and customers.
Fast Service Platform
TimeSaco Chief Operating Officer Donald Li said that the firm intends to provide Pakistani people with a fast service platform through its cab service. Launching five unique services including taxi service, delivery of orders, heavy cargo delivery, moving ATMs and vehicle advertisement facilities.
The company, CEO said that initially the taxi service would be offered at 10 percent discount rates for a ride to education institutions, health centers, and marriage halls. Moreover, He added that the company will give a special discount to professionals including teachers, army personnel and students.
The company CEO also stated that interested people could register their bikes, cars, pickups, rickshaws, qingqi loaders and trucks with the company and get multiple ways for earning.
A Chinese Company is Launching its Ride-Hailing App in Pakistan
In order to benefit from this service of TimeSaco’s services, users will have to download the application from Google Play Store for Android and Apple App Store for iOS. In order to connect these instant services in 6 major cities mentioned above.
Competition to Uber and Careem
This new taxi company will surely give good competition to Uber and Careem, in the driver’s earnings. The one percent remaining amount will be used to develop the Drivers’ Club for providing health and education services to the families of drivers. Whereas uber and Careem driver gets 75 percent of their earning and company keep remaining 25 percent. However, the new company is giving more percentage to drivers. Interested people could register their vehicles without any precondition.
The company CEO said that initially, we are investing $20 million, with future prospects of $600 million. The biggest advantage of this service is that it will also increase employment opportunities for citizens in the country.
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