AIRLINK 153.32 Decreased By ▼ -2.80 (-1.79%)
BOP 9.79 Decreased By ▼ -0.22 (-2.2%)
CNERGY 7.09 Increased By ▲ 0.04 (0.57%)
CPHL 81.71 Decreased By ▼ -2.42 (-2.88%)
FCCL 44.04 Decreased By ▼ -0.61 (-1.37%)
FFL 14.63 Decreased By ▼ -0.26 (-1.75%)
FLYNG 36.67 Increased By ▲ 3.33 (9.99%)
HUBC 133.47 Decreased By ▼ -2.08 (-1.53%)
HUMNL 12.85 Increased By ▲ 0.03 (0.23%)
KEL 4.38 Increased By ▲ 0.22 (5.29%)
KOSM 5.42 Increased By ▲ 0.35 (6.9%)
MLCF 70.20 Decreased By ▼ -1.40 (-1.96%)
OGDC 202.93 Increased By ▲ 2.71 (1.35%)
PACE 5.09 Increased By ▲ 0.04 (0.79%)
PAEL 43.10 Decreased By ▼ -0.79 (-1.8%)
PIAHCLA 16.47 Decreased By ▼ -0.27 (-1.61%)
PIBTL 8.82 Increased By ▲ 0.11 (1.26%)
POWER 14.40 Decreased By ▼ -0.51 (-3.42%)
PPL 151.80 Increased By ▲ 3.32 (2.24%)
PRL 29.52 Decreased By ▼ -0.03 (-0.1%)
PTC 20.39 Decreased By ▼ -0.46 (-2.21%)
SEARL 81.51 Decreased By ▼ -1.96 (-2.35%)
SSGC 36.08 Decreased By ▼ -3.95 (-9.87%)
SYM 14.58 Decreased By ▼ -0.30 (-2.02%)
TELE 7.01 Increased By ▲ 0.02 (0.29%)
TPLP 8.32 Decreased By ▼ -0.06 (-0.72%)
TRG 64.08 Increased By ▲ 0.45 (0.71%)
WAVESAPP 9.64 Increased By ▲ 0.77 (8.68%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.65 Increased By ▲ 0.19 (5.49%)
AIRLINK 153.32 Decreased By ▼ -2.80 (-1.79%)
BOP 9.79 Decreased By ▼ -0.22 (-2.2%)
CNERGY 7.09 Increased By ▲ 0.04 (0.57%)
CPHL 81.71 Decreased By ▼ -2.42 (-2.88%)
FCCL 44.04 Decreased By ▼ -0.61 (-1.37%)
FFL 14.63 Decreased By ▼ -0.26 (-1.75%)
FLYNG 36.67 Increased By ▲ 3.33 (9.99%)
HUBC 133.47 Decreased By ▼ -2.08 (-1.53%)
HUMNL 12.85 Increased By ▲ 0.03 (0.23%)
KEL 4.38 Increased By ▲ 0.22 (5.29%)
KOSM 5.42 Increased By ▲ 0.35 (6.9%)
MLCF 70.20 Decreased By ▼ -1.40 (-1.96%)
OGDC 202.93 Increased By ▲ 2.71 (1.35%)
PACE 5.09 Increased By ▲ 0.04 (0.79%)
PAEL 43.10 Decreased By ▼ -0.79 (-1.8%)
PIAHCLA 16.47 Decreased By ▼ -0.27 (-1.61%)
PIBTL 8.82 Increased By ▲ 0.11 (1.26%)
POWER 14.40 Decreased By ▼ -0.51 (-3.42%)
PPL 151.80 Increased By ▲ 3.32 (2.24%)
PRL 29.52 Decreased By ▼ -0.03 (-0.1%)
PTC 20.39 Decreased By ▼ -0.46 (-2.21%)
SEARL 81.51 Decreased By ▼ -1.96 (-2.35%)
SSGC 36.08 Decreased By ▼ -3.95 (-9.87%)
SYM 14.58 Decreased By ▼ -0.30 (-2.02%)
TELE 7.01 Increased By ▲ 0.02 (0.29%)
TPLP 8.32 Decreased By ▼ -0.06 (-0.72%)
TRG 64.08 Increased By ▲ 0.45 (0.71%)
WAVESAPP 9.64 Increased By ▲ 0.77 (8.68%)
WTL 1.33 Decreased By ▼ -0.01 (-0.75%)
YOUW 3.65 Increased By ▲ 0.19 (5.49%)
BR100 12,110 Decreased By -38.6 (-0.32%)
BR30 35,339 Decreased By -55.1 (-0.16%)
KSE100 113,569 Decreased By -533.7 (-0.47%)
KSE30 34,681 Decreased By -127.9 (-0.37%)

KARACHI: The Pakistan National Shipping Corporation (PNSC) has signed an agreement for the sale of two ships after completing their 20-year service period.

The PNSC has finalized the sale of MT Lahore and MT Quetta, following approval from its Board of Directors. After securing this approval, PNSC notified its shareholders via the stock exchange on February 26, 2025.

PNSC earns Rs20.18bn PAT in FY23-24

The ships were sold in compliance with international regulations, which prohibit multiple UAE and Saudi Arabian ports and oil terminals from docking vessels older than 20 years.

To maintain its operational capacity, PNSC also plans to acquire new ships as replacements for the sold vessels.

Copyright Business Recorder, 2025

Comments

200 characters