Pakistan National Shipping Corporation (PNSC) convened its Corporate Briefing Session (CBS) for the financial year ended 30 June 2025 at the PNSC Building, Karachi. The session was attended in person and online by analysts, investors, and representatives of brokerage houses. At the same time, the senior management of PNSC shared the Corporation’s operational performance, financial results, fleet utilization, future business plans, and key strategic developments.
During the presentation, the CEO highlighted the Corporation’s continued progress despite global market fluctuations and reaffirmed its focus on strengthening Pakistan’s maritime footprint through capacity enhancement, operational efficiency, and policy advocacy. The briefing was followed by an interactive discussion in which analysts and participants posed queries on PNSC’s operations, expansion plan, taxation policies, competitiveness, and sectoral challenges.
Various financial investors from mutual funds and brokerage houses joined the session online, with some attending in person. Investors sought clarity on the Corporation’s long-term growth strategy. Responding to these queries, the CEO stated that PNSC is currently investing in three Tier III, IMO-compliant vessels, while tenders for an additional 12 boats are already underway.
In response to a query from an analyst, Mr. Ateeq ur Rehman, on the taxation burden faced by national flag carriers, the CFO explained that although the Shipping Policy grants tax exemptions until 2030, the Finance Act has introduced an 18% sales tax on vessel imports, increasing industry costs. He added that PNSC has approached the Federal Board of Revenue to seek relief through an exemption/ installment-based payment arrangement for this sales tax.
Participants acknowledged the Corporation’s transparency, policy advocacy efforts, and continued commitment to national shipping development. The session concluded with PNSC management expressing appreciation to stakeholders, analysts, and shareholders for their continued confidence and support.
