Prime Minister Shehbaz Sharif has taken decisive action to bolster Pakistan's shipping capabilities by directing an increase in the national maritime fleet. The move aims to curb freight-related foreign exchange outflows, which have been a concern for the country's economic stability. During a review session focusing on reforms within Pakistan’s shipping sector, Shehbaz Sharif emphasized the importance of fostering private sector investment. He called for restructuring the Pakistan National Shipping Corporation (PNSC) along corporate lines to boost efficiency and competitiveness. The Prime Minister highlighted a strategic advantage in trade with the soon-to-be operational Pakistan-Afghanistan-Uzbekistan railway line. This development is expected to facilitate the transportation of Central Asian goods worldwide through Pakistani ports, potentially enhancing the nation’s foreign exchange earnings. Shehbaz Sharif stressed that improving the shipping and railway sectors is vital for transit trade, providing Pakistan with a unique opportunity to enhance its international trade footprint. He tasked the Ministry of Maritime Affairs and the PNSC with undertaking comprehensive reforms and developing a sustainable business model to secure the shipping sector's future.
PM Shehbaz Orders Expansion of National Shipping Fleet
Pakistan National Shipping Corporation PNSC
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