Pakistan National Shipping Corporation

Pakistan National Shipping Corporation

THE GROUP & ITS OPERATIONS

Pakistan National Shipping Corporation (the Corporation) and its subsidiary companies (together ‘the Group’) were incorporated under the provision of Pakistan National Shipping Corporation Ordinance, 1979 and the Companies Ordinance, 1984 respectively. The Group is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services. The Group is also engaged in renting out its properties to tenants under long term lease agreements. The Group’s registered office is situated in PNSC Building Moulvi Tamizuddin Khan Road, Karachi.

The Group consists of:

Holding Company

Pakistan National Shipping Corporation

Subsidiary Companies

1. Bolan Shipping (Private) Limited.

2. Chitral Shipping (Private) Limited.

3. Hyderabad Shipping (Private) Limited.

4. Islamabad Shipping (Private) Limited.

5. Johar Shipping (Private) Limited.

6. Kaghan Shipping (Private) Limited.

7. Khairpur Shipping (Private) Limited.

8. Lalazar Shipping (Private) Limited.

9. Makran Shipping (Private) Limited.

10. Malakand Shipping (Private) Limited.

11. Multan Shipping (Private) Limited.

12. Sargodha Shipping (Private) Limited.

13. Shalamar Shipping (Private) Limited.

14. Sibi Shipping (Private) Limited.

15. Swat Shipping (Private) Limited.

16. Karachi Shipping (Private) Limited.

17. Lahore Shipping (Private) Limited.

18. Quetta Shipping (Private) Limited.

19. Pakistan Co-operative Ship Stores (Private) Limited.

Associate Company

20. Muhammadi Engineering Works

National Tanker Company (Private) Limited (NTCL) was an associate company of the Group. The Group owned 50% of the shares capital of NTCL. However, on May 11, 2006, the Group acquired the remaining 50% share capital (1,677,083 shares) of NTCL against total consideration of Rs.168,764,862 based on fair market value of Rs.100.63 per share. Subsequent to the year end NTCL’s name has been changed to Karachi Shipping (Private) Limited.

The Group owns 55% of the share capital of Pakistan Co-operative Ship Stores (Private) Limited and 100% of the share capital of the remaining eighteen subsidiary companies. All the fully owned subsidiaries of the Corporation operate one vessel / tanker each except Karachi, Lahore and Quetta Shipping (Pvt.) Ltd. – 2006.

BOARD OF DIRECTORS

PNSC Board is nominated by the Government. There are five nominated Directors including the Chairman and two Directors elected by the share holders. In addition to above there are five Executive Directors who assist the Chairman in the day to day affairs of the Corporation and head following Divisions:

a. Administration Division

b. Finance Division

c. Commercial Division

d. Ship Management Division

e. Special Projects and Planning Division.

PNSC MANAGES FOLLOWING FLEET

a) 10 Multi Purpose Cargo Ships

b) 04 Aframax Tankers

c) 01 Bulk Carrier

Total 15 Vessels

Dead Weight Tonnage: 636,182

The share holding of the Corporation is as follows:

Authorized Capital Pak Rs.2,000,000

Paid up Capital Pak Rs.1,320,634

Government Share 89.13%

Institutions 3.75%

Individuals 7.30%

ee also

* Mansoor-ul-Haq

External links

* [http://www.pnsc.com.pk PNSC official website]


Wikimedia Foundation. 2010.

Игры ⚽ Поможем написать курсовую

Look at other dictionaries:

  • Government of Pakistan — The Government of Pakistan (Urdu: حکومتِ پاکستان), uses a federal parliamentary system, with a President as the Head of State and an indirectly elected Prime Minister as the Head of Government. About the government The President of Pakistan is… …   Wikipedia

  • List of companies of Pakistan — This is a list of companies from Pakistan. See for lists of companies from other countries. Publicly Traded Company This is a list of Public companies that are traded on Pakistani stock exchanges. Automobile assembler * Adam Motors * Al Ghazi… …   Wikipedia

  • 2007 in Pakistan — See also: 2006 in Pakistan, 2008 in Pakistan, and other events of 2007.EventsDecember*December 27, 2007: * The former Prime Minister of Pakistan and opposition leader Benazir Bhutto is assassinated during an election rally. [… …   Wikipedia

  • PNSC — Pakistan National Shipping Corporation (Business » International Business) …   Abbreviations dictionary

  • Mansurul Haq — Born October 1937 (age 74) Sialkot, British Raj Allegiance …   Wikipedia

  • List of ship companies — This is a list of the world s ship operating companies listed alphabetically by continent and country. This list includes companies both operating now and in the past.Africa Algeria *Algerie Ferries *hyproc Egypt *El Salam Maritime *International …   Wikipedia

  • Asad Rauf — Personal information Full name Asad Rauf Born 12 May 1956 (1956 05 12) (age 55) Lahore, Punjab, Pakistan Batting style Right handed Bowling style Right arm off spin Ro …   Wikipedia

  • Murtaza Hussain — Personal information Full name Murtaza Hussain Born 20 December 1974 (1974 12 20) (age 36) Bahawalpur, Punjab, Pakistan Batting style Right handed Bowling style Right arm …   Wikipedia

  • Maisam Hasnain — Personal information Full name Maisam Hasnain Born 3 February 1977 (1977 02 03) (age 34) Karachi, Sindh Province, Pakistan Batting style Right handed Bowling style Right arm medium Relations Taj ul Hasnain (father) …   Wikipedia

  • Muhammadi Steamship Company Limited — was one of the oldest locally owned shipping companies in Pakistan until it was nationalised in the early 1970s. History The company was incorporated on 12 May 1947.[1] In 1949, it became the first Pakistani shipping line to be publicly listed on …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”