Pakistan’s BusCaro reports profitability for the first time

BusCaro, a Pakistan-based bus-hailing platform, says its EBITDA has been positive since April 2026, compared with -9% for the fiscal year running from July 2024 to June 2025. According to Business Recorder, the company reached this milestone after fewer than four years in business, having burned through $1.4 million across its lifetime. Founder and CEO Maha Shahzad made the remarks in an interview with Zag Daily.

Revenue for the company's fourth year of trading rose to $6.5 million, up from $4.5 million, while annual recurring revenue touched $7.1 million, Shahzad added. She set these results against a harsher global setting marked by tighter international funding, political conflict and inflation. The company, which began in 2022 and provides shared commuter rides, has now passed 30 million bookings, an increase of 10 million on the figure reported within the previous twelve months.

Shahzad credited the team's conviction for keeping the business going through periods when success looked remote. She also cited 99.5% reliability across all bookings and noted that several customers have been with the platform since its launch. In her view, the emphasis on customers and operational quality explains why people keep using the service, leaving them little reason to switch.