• Region
    • Pakistan
    • UAE
    • Saudi Arabia
    • Qatar
    • Bahrain
    • Oman
    • Kuwait
  • About
  • Press Kit
  • Media Pack
  • Contact
Tuesday, July 15, 2025
CEO Times
No Result
View All Result
Subscribe
  • Login
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • MagazineSEP 2024
  • Databank
  • Podcasts
  • Connect
CEO Times
No Result
View All Result
Home Sector Automobile

CarFirst announces shutdown of operations in Pakistan

13 June 2023
in Automobile
Reading Time: 2 mins read
0
CarFirst

CarFirst, a startup with headquarters in Lahore, is the most recent business in Pakistan to announce the closure of all of its operations.

On Friday, CarFirst posted on its LinkedIn page that it had “decided to cease operations in Pakistan.” 365 workers who have listed CarFirst as their employer on the platform for professional networking and career development are also listed on the page.

The statement concluded, “We would like to thank our team, partners, and most importantly, our consumers for their ongoing support throughout our journey.

According to CarFirst, a team will continue to be in place to oversee the entity’s closing and to address questions from partners and clients during the closing period.

A traditional consumer-to-business-to-business concept, CarFirst was introduced in late 2016 and served as a middleman, purchasing vehicles from individuals and selling them to dealers through online auctions.

The internet platform gave car dealers a way to have their vehicles examined and sold for a price in less than an hour, including the time it took for the payment to be processed. The used car online auction platform from CarFirst also featured an app, giving its network of partners and customers a convenient method to find the vehicle they required.

The closure comes amid a developing trend of financial difficulty for several enterprises in Pakistan, with numerous startups and established organizations announcing either worker reductions or the closure of verticals.

The Dutch oil and commodity trading business Vitol, which supports VavaCars, said earlier in June that it had ceased operations in Pakistan, a little over eight months after it had first disclosed raising $50 million.

Related Posts

EV Charging Station

FPCCI Plans to Establish 3,000 EV Charging Stations with $350 Million Chinese Investment

16 December 2024
CBU & CKD cars

Federal Government Considers Restrictions on Sale of Imported Old Vehicles in Pakistan

10 June 2024
Ali Asghar Jamali

Indus Motor CEO Advocates for Higher Taxes on Used Imported Cars

25 May 2024
Changan Deepal S07

Master Changan Motors Plans to Introduce Pure EV Brand in Pakistan

18 May 2024
Next Post
Governor SBP

Jameel Ahmad appointed SBP governor

Copyright © 2024 CEO Times (SMC-Private) Limited

  • Privacy Policy
  • Terms & Conditions
  • Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Business News
  • Startup News
  • Opinion
  • Lifestyle
  • Magazine
  • Podcasts
  • About
  • Contact
  • Media Pack

Copyright © 2024 CEO TIMES (SMC-Private) Limited