Staff Reporter
A Chinese technology company Timesaco is set to invest over $600 million in the country’s pathetic public transportation sector with aim to restructure and digitise it by replicating the Chinese model, Arab News reported.
After launching “Tatu Mobility which is a transportation infrastructure network to promote the e-transportation sector business in Rawalpindi and Islamabad, Timesaco is now mulling to move to Karachi and intends to invest $600 million. Timesaco provides wide-ranging mobility services, such as taxi-hailing facility, pick and drop, bus booking, vehicle rental and other related technological solutions. Media Manager of Timesaco Asad Ullah has said that the company is trying to restore and restructure Pakistan’s public transportation system by replicating the Chinese model that, according to him, will enable the relevant authorities to track the movement of vehicles and ensure their punctuality.” He said that In the second week of February, the company officials will visit Karachi to meet with officials of the Sindh government, including the chief minister and we are planning to launch the service in the third or fourth week of February 2020 in Karachi.Timesaco will become the second international player in the transportation sector after Egypt’s SWVL by launching mass transportation services in Karachi. Timesaco, following introduction of Buraq Taxi Service, has formulated a wide-ranging policy to entice users towards its new service to help make it competitive since Careem and Uber are already functional in the market.“From now onward, Tatu Mobility will focus on transportation sectors and in later on Timesaco also plans to launch other Instant Services for logistics in Pakistan,” Li said. It must be noted that e-transport sector is expanding in Pakistan. The service providers are now eying a larger market with mass e-transport solutions. The Dubai-headquartered Careem that is being acquired by Uber is launching Careem Bus to challenge Airlift, the local startup that pioneered the app-based bus hailing service in Pakistan.
