Pakistan’s BusCaro reports profitability for the first time

Pakistan-based bus-hailing service BusCaro has achieved profitability for the first time, reporting a positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) since April 2026. This marks a significant turnaround from a loss of 9% between Pakistan's fiscal year of July 2024 and June 2025. Founder and CEO Maha Shahzad revealed these milestones during a recent interview with Zag Daily.

The company's annual revenue has steadily grown from $4.5 million four years ago to $6.5 million in the latest reporting period. Moreover, annual recurring revenue now stands at $7.1 million. These impressive figures come at a time when the global economic climate is becoming increasingly challenging, characterized by tighter funding, political tensions, and inflation concerns.

BusCaro's success can be attributed, in large part, to its dedicated team and unwavering commitment to customer satisfaction and operational excellence. The company has already surpassed 30 million bookings, marking a 10 million increase from just one year ago. Shahzad attributes this growth to the team's persistence, even when it seemed improbable that they would reach this point.

Shahzad emphasized that the company's 99.5% reliability rate across all bookings is a testament to their customer-centric approach. Many customers have been with BusCaro since its inception in 2022, and the company continues to maintain a strong customer base. "Our customers have no reason to leave," Shahzad asserted. BusCaro, founded in 2022, specializes in shared commute services.