{
  "id": 5025307,
  "title": "Pakistan’s BusCaro reports profitability for the first time",
  "url": "https://urgent.news/2026/09/02/pakistans-buscaro-reports-profitability-for-the-first-time",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-02T05:54:12.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40437544/pakistans-buscaro-reports-profitability-for-the-first-time"
  },
  "original_language": "en",
  "account": "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.\n\nThe 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.\n\nBusCaro'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.\n\nShahzad 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.",
  "summary": "Pakistan-based bus-hailing service BusCaro has reached a new milestone as it reported a positive Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) since April 2026 – up from -9% between Pakistan’s fiscal year of July 2024 and June 2025. BusCaro reached the milestone in less than four years of operations and with a reported lifetime burn of $1.4 million, Founder and CEO Maha…",
  "key_points": [
    "BusCaro, Pakistan's bus-hailing service, becomes profitable for the first time in April 2026.",
    "Founder and CEO Maha Shahzad attributes success to dedicated team and customer satisfaction.",
    "Company has 30 million bookings, a 10 million increase from one year ago."
  ],
  "editors_take": "BusCaro's achievement of profitability marks a significant turnaround for the company, demonstrating that its focus on customer satisfaction and operational excellence can drive growth and success in a challenging economic climate.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}