By S.M Inam
KARACHI: Pakistan National Shipping Corporation (PNSC) convened its Corporate Briefing Session (CBS) for the financial year ending 30 June 2025 at PNSC House, Karachi. Analysts, investors, and representatives from brokerage houses attended both in person and online, while senior management presented the Corporation’s operational performance, financial results, fleet utilisation, future business plans, and key strategic developments.
During the session, the CEO highlighted PNSC’s continued progress despite global market fluctuations and reaffirmed the Corporation’s focus on strengthening Pakistan’s maritime presence through capacity enhancement, operational efficiency, and policy advocacy.
The briefing was followed by an interactive discussion, during which participants raised questions about PNSC’s expansion plans, taxation policies, competitiveness, and sectoral challenges. Several financial investors from mutual funds and brokerage houses sought clarity on the Corporation’s long-term growth strategy. Responding to queries, the CEO stated that PNSC was investing in three Tier III modern IMO-compliant vessels, while tenders for an additional twelve vessels were already under process.
In response to concerns about the taxation burden on national flag carriers, CFO explained that although the Shipping Policy grants tax exemptions until 2030, the Finance Act introduced an 18% sales tax on vessel imports, increasing industry costs. He added that PNSC had approached the Federal Board of Revenue seeking relief through exemptions or an installment-based payment arrangement.
Participants acknowledged the Corporation’s transparency, policy advocacy, and ongoing commitment to national shipping development. The session concluded with PNSC management expressing appreciation to stakeholders, analysts, and shareholders for their continued confidence and support.
