Deputy Prime Minister and Foreign Minister Ishaq Dar chaired a meeting in Islamabad on Friday to review the restructuring of the Pakistan National Shipping Corporation (PNSC).
The meeting focused on transforming the state-owned shipping corporation into a competitive, commercially viable and internationally recognised maritime organisation.
Participants examined proposals to improve operational efficiency and bring the corporation’s governance in line with international best practices.
Dar Calls for International Standards
During the meeting, Dar stressed that the restructuring process must follow professional standards and reflect global practices.
He directed relevant authorities to engage leading international shipping and financial consultants. These experts will help develop a forward-looking roadmap for the corporation.
The proposed plan aims to maximise commercial returns while strengthening Pakistan’s maritime trade logistics. It will also seek to protect the country’s national economic interests.
Focus on PNSC’s Commercial Potential
The discussions highlighted the need to improve PNSC’s operational performance and strengthen its position in the global maritime sector.
Moreover, the proposed reforms aim to make the corporation more commercially sustainable. Better corporate governance and professional management also remain key priorities.
The meeting brought together Federal Minister for Maritime Affairs, Special Assistant to the Prime Minister Tariq Bajwa, and the Secretary of Maritime Affairs.
Senior officials from relevant ministries and departments also attended the session.
The review comes as the government considers changes to PNSC’s structure and management. The proposed roadmap is expected to guide efforts to improve its commercial performance and strengthen Pakistan’s role in maritime trade.
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