Web Desk: Prime Minister Shehbaz Sharif has cleared a proposal allowing the National Logistics Corporation (NLC) to purchase a 30% shareholding in the Pakistan National Shipping Corporation (PNSC), along with management control and consolidation rights, the state-run carrier said.
The development emerged in a notice submitted to the Pakistan Stock Exchange. PNSC stated that it received official confirmation from the Ministry of Maritime Affairs that the prime minister had approved the transaction in accordance with relevant laws and the company’s internal regulations.
Subsequently, NLC formally informed PNSC of its intent to move ahead with the proposed acquisition of shares and transfer of managerial authority, the filing added. However, the financial structure of the deal and a projected completion date were not revealed.
The decision signals a potential consolidation within Pakistan’s state-owned logistics and maritime sectors, though officials have yet to outline how the transition will be executed.
PNSC functions under the administrative oversight of the Ministry of Maritime Affairs and handles the transportation of dry bulk and liquid cargo across international routes. The corporation operates a fleet of 12 vessels with a combined deadweight capacity of 938,876 tonnes.
Beyond maritime transport, the company maintains additional business interests, including property management and ship repair services.
Further details regarding the transaction are expected once regulatory and procedural steps advance.
Read more: Latest fully funded scholarships for Pakistani students in 2026
