Chinese Firm to Invest $20 Million in Cab and Cargo Services

Chinese Firm to Invest $20 Million in Cab and Cargo Services 1
Chinese Firm to Invest $20 Million in Cab and Cargo Services 2

A Chinese firm Timesaco is working on comprehensive business plan to provide 5 important services in Pakistan, initially investing $20 million, with future prospects of $600m.

Related: Sindh Government Imposed 5% Tax on Online Taxi Services

According to Timesaco Chief Operating Officer, Donald Li the company intends to provide a rapid services platform to citizens by launching 5 special services including a taxi service, heavy cargo delivery, orders delivery, moving automated teller machines (ATM) and vehicle advertisement facilities.

Chinese Firm to Invest $20 Million in Cab and Cargo Services 4

Initially these instant services would be launched in the 6 major cities including Karachi, Lahore, Faisalabad, Islamabad, Rawalpindi and Peshawar and would then be extended to other urban centers.

Related: Uber Buys Careem for $3.1 Billion

Mr Li said Timesaco had already held its pre-launch event in Islamabad a week ago and introduced instant services including Buraq (taxi service), Fema (instant delivery) and Cargo+ (city freight). He explained:

Modern technology and innovative methods of E-commerce would be utilized in delivering these services. For Timesaco services, customers should download application from Google Play Store for instant services in all 5 major areas.

People interested in working with the taxi services could register their vehicles with the company without any precondition. Buraq drivers will get 97% share of their earring and company will get only 2% from drivers while 1% would be invested in Drivers Club for providing health and education services to families of drivers.

Mr Li said people could register their bikes, cars, rickshaws, pickups, Qingqi loaders, and trucks with the company and get multiple ways for earning.

from: Dawn

Chinese Firm to Invest $20 Million in Cab and Cargo Services 6
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About UsmanAnsari

A 3d animation professional, car enthusiast, petrolhead and social media influencer. Formerly written for PakWheels as well as major publications including Dawn. Founder of CarSpiritPK.com

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