Pakistan National Shipping Corporation (PNSC) has released Rs4 billion as part of its corporate social responsibility (CSR) contribution to the Prime Minister’s Austerity Fund 2026, in line with a federal cabinet decision.
The listed company disclosed the development via a notice to the Pakistan Stock Exchange (PSX) on Wednesday.
“On 20th March 2026, the PNSC received a letter from the Ministry of Maritime Affairs (MOMA) regarding a federal cabinet decision dated 19th March 2026.
“In an emergent meeting held on 20th March 2026, the PNSC Board of Directors considered the letter and, considering that the beneficiary is the public at large, approved the release of the Rs4 billion payment on account of CSR for the Prime Minister’s Austerity Fund 2026 established in the wake of the prevailing situation in the country.
“Accordingly, the payment has been made today,” read the notice.
Earlier this month, Prime Minister Shehbaz Sharif announced sweeping austerity and energy conservation measures, including a four-day workweek for government offices, as Pakistan braced for the potential economic impact of the ongoing Middle East conflict.
Addressing the nation, the premier said that 50% of government staff would work from home, while schools would remain closed for two weeks starting next week.
He said that for the next two months, the fuel allowance of official vehicles would be cut by 50%. Moreover, 60% of all government vehicles would remain off the roads for the next two months as part of efforts to reduce fuel consumption.
The prime minister also announced that the federal cabinet would forgo its salary for the next two months, while the salaries of parliamentarians would be reduced by 50%.
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