US EditionPM Directs Expansion of PNSC Fleet
- Prime Minister Muhammad Shehbaz Sharif directed the urgent expansion of the Pakistan National Shipping Corporation fleet during a high-level meeting.
- The Prime Minister expressed concern over an annual foreign exchange outflow of $4 billion due to the limited capacity of the PNSC fleet.
- He instructed that a comprehensive business plan to reduce reliance on foreign shipping services be submitted within two weeks.
- The PNSC currently operates a fleet of ten vessels with a total cargo capacity of 724,643 tons.
13 Articles
13 Articles
PM Shehbaz seeks shipping plan to save $4bn
ISLAMABAD: Prime Minister Shehbaz Sharif on Friday directed the authorities concerned to prepare a business plan for Pakistan National Shipping Corporation (PNSC) to save $4 billion through maritime trade. “Present a business plan for PNSC within two weeks, which should include a strategy to save the annual $4 billion burden on the national exchequer,” PM Shehbaz directed the authorities while presiding over a high-level meeting regarding matter…
PM directs expansion of PNSC fleet
PM Shehbaz Sharif on Friday directed the relevant authorities to prepare a business plan for Pakistan National Shipping Corporation (PNSC) and present it within two weeks, which should include a strategy to save the annual $4 billion burden on the national exchequer. Chairing a high-level meeting regarding matters related to the PNSC, the prime minister directed to acquire ships on lease to expand the PNSC fleet. "Due to a reduced number of ship…
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