Board of directors meeting of Pakistan National Shipping Corporation

Karachi, Pakistan National Shipping Corporation informed Pakistan Stock Exchange that board of directors meeting of the company held on November 23, 2022 at Karachi. The agenda of the meeting is to approve the miscellaneous agendas.

“Pakistan National Shipping Corporation was established under the provision of the Pakistan National Shipping Corporation and is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services and providing commercial, technical, administrative, financial and other services to its subsidiaries and third parties in relation to the business of shipping. The Corporation is also engaged in renting out its properties to tenants under lease arrangements.

The company is engaged in transportation of dry bulk and liquid cargoes globally. The Management offices of the Company are located in Karachi, Pakistan and we are listed on the Karachi Stock Exchange since 1980. PNSC is an autonomous corporation, which functions under the overall control of the Ministry of Maritime Affairs, Government of Pakistan.

It manages a fleet of 11 ships, real estate and a repair workshop. The fleet is a mix of double hull Aframax tankers, LR-1 Product tankers, Panmax bulk carriers, and Supramax, Handymax and Handy size bulk carriers, all of modern vintage, having a total carrying capacity of over 831 thousand tonnes of deadweight.

The total numbers of shares are 132,063,360. The Earnings per share is (6.37) in 2020 which was 2.68 in 2019. The Profit after Taxation of the Company is (840,842,000) in 2020 which was 345,024,000 in 2019.”