Islamabad:
The federal government has postponed the privatization plan of the National Shipping Corporation.
According to details, the plan to sell the shares of Pakistan National Shipping Corporation in the stock market has been postponed by the federal government for now because the government wants to get additional funding from some sources instead of privatizing the institution and increasing the number of ships to make it a An active organization should be created.
It should be noted that the government’s share in PNSC is 87% of the shares, while 10% of the shares are owned by the general public and employees’ fund.
According to the sources, in the board meeting of the institution, it was reviewed that the institution could be more commercially efficient for the provision of logistics.
However, the ships are gradually losing their usefulness due to their old age, so there is an urgent need to arrange funding sources for it so that it can be more useful in the coming years.
In this context, the Ministry had sent a summary to the Cabinet Committee in which it was suggested that more of its shares should be offered for sale in the stock market for obtaining funding, but the Ministry decided against it in view of the strategic importance of the institution. He also expressed his reservations about
