Careem to bring back bonuses and guarantees, awards best performing Captains of 2021

Web Desk 01:19 PM | 15 Dec, 2021
Careem to bring back bonuses and guarantees, awards best performing Captains of 2021

KARACHI – With the mission of simplifying and improving the lives of people in the region, Careem, the Super App for the greater Middle East and Pakistan, brings back the Captain bonuses in Karachi, Lahore and Islamabad. The initiative was taken to increase Captains earnings and improve their economics by supporting them with additional incentives to work with the platform.

Since the COVID-19 pandemic, Captains earnings took a massive hit as the country saw multiple lockdowns to prevent the virus. With the conditions improving in the country, the demand for the service has also increased, giving the 800,000 registered Captains a chance to earn additional income, improving their lives while strengthening the network, making Careem the largest ride-hailing company in the region.

The new bonuses will allow Captains to earn up to 25% in addition to their basic income. Numerically, Captains can now earn up to PKR 150,000/- with the introduction of the new bonuses. These bonuses have been introduced in Karachi, Lahore and Islamabad, starting with the ‘GO Category’ with plans to expand them across the country and other car types.

Careem has always been at the forefront to work towards improving the lives of its Captains. From partnering with organizations to providing education on subsidized rates, discounted pricing on fuel and oil changes, and providing ration packages during the lockdown and distributing smog kits to help them combat the harsh weather. Careem also recently announced to reduce its commissions from 25% to 15% on the Bike category to help them improve their earnings.

Amongst these initiatives, Careem also recognized the efforts Captains have made to ensure the service quality remains at the top and introduced Sitara-E-Careem awards last year to praise their hard work and dedication towards the Customers and Community at large. These awards are given to the best performing Captains who went above and beyond and made lives simpler for Customers.

Careem has more than 800,000 Captains registered on its platform so far and has invested up to $100 million since its inception in Pakistan in 2016. Transforming into a Super App; Careem offers multiple opportunities as it expands its services from the mobility of people to adding mobility of things and mobility of money including food, daily essential deliveries, peer to peer credit transfer, and mobile top-ups. 

Web Desk
Web Desk

Daily Pakistan Global Web Desk


Rupee gains massive recovery against US dollar after SBP relaxes rules for banks

KARACHI – The Pakistani rupee experienced a significant surge in its value in the open market against the dollar.

This surge came after a recent directive from the State Bank of Pakistan (SBP), allowing banks to purchase dollars at the interbank market rate for international card payments. The objective of this move was to narrow the exchange rate gap between the official and informal markets.

According to the Exchange Companies Association of Pakistan, the currency market witnessed the dollar being traded at Rs298, compared to its previous day’s closing rate of 311.

The SBP’s decision was influenced by the International Monetary Fund’s demand for Pakistan to stabilize its currency market before resuming a $6.5 billion bailout program.

In a circular, the central bank stated, “In response to the feedback received from various stakeholders, Authorized Dealers are now permitted to buy USD from the Interbank market to settle card-based cross border transactions with international payment schemes (IPS).”

Market analysts had predicted a decline in the value of the rupee following the implementation of these new guidelines.

Zafar Paracha, the General Secretary of the ECAP, expressed that the SBP’s decision was timely and appropriate. He anticipated that it would lead to a decrease of 20 to 25 rupees in the open market currency rate. Paracha also noted that aligning the rates in the official and informal markets would bolster remittance inflows.

Pracha further emphasized that significant disparities in rates between the official and informal markets encourage transactions outside of the official banking system.

Today's gold rates in Pakistan – June 1, 2023

KARACHI – The price of a single tola of 24-karat gold in Pakistan is Rs 229,000 on Thursday. The price of 10 grams of 24k gold was recorded at Rs197,620.   

Likewise, 10 grams of 22k gold were being traded for Rs181,150 while a single tola of 22-karat gold was being sold at Rs 211,290.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 229,000 PKR 2125
Karachi PKR 229,000 PKR 2125
Islamabad PKR 229,000 PKR 2125
Peshawar PKR 229,000 PKR 2125
Quetta PKR 229,000 PKR 2125
Sialkot PKR 229,000 PKR 2125
Attock PKR 229,000 PKR 2125
Gujranwala PKR 229,000 PKR 2125
Jehlum PKR 229,000 PKR 2125
Multan PKR 229,000 PKR 2125
Bahawalpur PKR 229,000 PKR 2125
Gujrat PKR 229,000 PKR 2125
Nawabshah PKR 229,000 PKR 2125
Chakwal PKR 229,000 PKR 2125
Hyderabad PKR 229,000 PKR 2125
Nowshehra PKR 229,000 PKR 2125
Sargodha PKR 229,000 PKR 2125
Faisalabad PKR 229,000 PKR 2125
Mirpur PKR 229,000 PKR 2125


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