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  • Jul 30th, 2006
  • Comments Off on PNSC to acquire oil tankers, bulk cargo carrier
PNSC has earned a net profit of Rs 2.89 billion during 2004-5, said Chairman, PNSC, Vice Admiral S.T.H Naqvi (Retd), while delivering a briefing to Senate Standing Committee on Port and Shipping, who visited PNSC on Saturday.

Chairman committee Senator, Gulshan Saeed presided over the meeting attended by Senator, Dr Muhammad Ismail Buledi, Senator, Sardar Mehtab Ahmed, Senator, Sadia Abbasi and Senator, Dr Abdul Malik.

Naqvi made a detailed presentation highlighting the steps taken in the recent years to transform PNSC into a profitable organisation. He said that a corporation which was facing losses up-till year 2000 has now become a profitable entity.

He informed the committee that additional vessels had been acquired by the PNSC from within its own resources. PNSC was planning to induct some more vessels including bulk cargo carriers to expend its business, he added.

Copyright Pakistan Press International, 2006


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