Karachi, In a pivotal meeting held on September 27, 2023, in Karachi, the Board of Directors of Pakistan National Shipping Corporation (PNSC) gave their stamp of approval to the Annual Audited Accounts for the fiscal year ending June 30, 2023. Alongside this approval, the board made the following recommendations:

(i) Cash Dividend: The board proposed a final Cash Dividend for the year ended June 30, 2023, at a rate of Rs. 1 per share, equivalent to 5%. This Cash Dividend is in addition to an Interim Dividend of Rs. 5 per share, which amounted to 50%, already paid during the financial year.

(ii) Bonus Shares: Nil.

(iii) Right Shares: Nil.

(iv) Any Other Entitlement/Corporate Action: Nil.

(v) Any Other Price-Sensitive Information: Nil.

The announcement of these recommendations underscores PNSC's commitment to its shareholders by distributing profits and maintaining transparency in its corporate actions.

Additionally, PNSC revealed that the 45th Annual General Meeting of the Corporation is scheduled to take place on October 26, 2023, in Karachi. To determine the entitlements of shareholders, the Share Transfer Books of the Corporation will be closed from October 20, 2023, to October 26, 2023, both days inclusive.

The financial results for PNSC for the year ending June 30, 2023, have also been disclosed, showcasing a substantial increase in revenue compared to the previous year. Earnings per share (EPS) also reflect this growth, indicating a positive financial performance.