Pakistan National Shipping Corporation

Pakistan National Shipping Corporation (PNSC) has received a Ministry of Maritime Affairs letter outlining a proposed sale of a 29.5 percent stake to National Logistics Corporation, together with a transfer of management control. Business Recorder reports that the plan has approval from the Economic Coordination Committee and the Federal Cabinet, and is intended to bring shipping and land logistics operations together. The notice describes potential gains from closer coordination, fleet upgrades and higher cargo volumes.

PNSC also reported a strong start to FY27: first-quarter revenue rose 107.37 percent year on year to Rs21,290.184 million, while net profit increased 164.71 percent to Rs9,833.336 million. Liquid cargo led revenue growth, supported by three recently inducted vessels and favorable international freight rates; finance costs also climbed sharply as the company invested in new ships. The company’s full-year 2026 net profit was Rs21,546.96 million, up 5.37 percent, while revenue increased 58.21 percent to Rs59,547.449 million.