Karachi: The Pakistan National Shipping Corporation (PNSC) has announced that its wholly owned subsidiary companies have signed a Memorandum of Agreement for the acquisition of two Aframax tankers. This transaction is in compliance with Section 96 of the Securities Act, 2015 and Clause 5.6.1 (a) of the Pakistan Stock Exchange (PSX) Regulations.

The disclosure was made on October 13, 2025, and details the purchase of two vessels by subsidiaries of the PNSC. Karachi Shipping (Pvt) Ltd., a subsidiary of PNSC, will procure the tanker named LORAX with a deadweight tonnage (DWT) of 109,990. Meanwhile, Lahore Shipping (Pvt) Ltd. will acquire the NAFSIKA, which boasts a DWT of 112,051.

According to information available from the Pakistan Stock Exchange (PSX), these acquisitions by the PNSC subsidiaries are part of a strategic move to expand and enhance their shipping capabilities. The market has taken note of this development, expecting it to position the corporation advantageously within the designated market category.

The Memorandum of Agreement signed signifies a step forward for the PNSC in strengthening its fleet, which is anticipated to have implications on both operational efficiency and market reach. The corporation has requested that the members of the exchange be informed accordingly of these developments.