KARACHI: Pakistan National Shipping Corporation (PNSC) convened its Corporate Briefing Session (CBS) for the financial year ended 30 June 2025 at PNSC Building, Karachi.
The session was attended physically and through online means by analysts, investors, and representatives of brokerage houses, whereas the senior management of PNSC shared the Corporation’s operational performance, financial results, fleet utilization, future business plans and key strategic developments.
During the presentation, Syed Jarar Haider Kazmi, the CEO of PNSC, highlighted the Corporation’s continued progress despite global market fluctuations, and reaffirmed its focus on strengthening Pakistan’s maritime footprint through capacity enhancement, operational efficiency and policy advocacy.
The briefing was followed by an interactive discussion where analysts and participants engaged in queries relating to PNSC’s operations, expansion plan, taxation policies, competitiveness and sectoral challenges.
Various financial investors from mutual funds and brokerage houses joined the session online, with some attending in person. Investors sought clarity on the Corporation’s long-term growth strategy and its dividend-centric approach.
Responding to these queries, the CEO highlighted that while PNSC continues to prioritize stable dividend payouts, it is simultaneously focused on building long-term shareholder value through strategic fleet expansion affecting future earnings, growth, profitability and financial health of PNSC and its impact on dividends at appropriate levels. He added that PNSC is currently investing in three, Tier III modern IMO-compliant vessels, and tenders for an additional twelve vessels are already in process, positioning the Corporation for sustained growth and enhanced future returns.
In response to a query from an analyst Ateequr Rehman on the taxation burden faced by national flag carriers, the CFO explained that although the Shipping Policy grants tax exemptions until 2030, the Finance Act has introduced an 18% sales tax on vessel imports, increasing industry costs. He added that PNSC has approached the Federal Board of Revenue to seek relief through exemption/ installment-based payment arrangement for this sales tax.
Participants acknowledged the Corporation’s transparency, policy advocacy efforts and continued commitment to national shipping development. The session concluded with appreciation expressed by PNSC management to stakeholders, analysts and shareholders and participants from diversified backgrounds for their continued confidence and support.
Copyright Business Recorder, 2025
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