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ECC allows NLC to take over shipping corporation
Khaleeq Kiani
May 20, 2026
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Finance Minister Muhammad Aurangzeb, chairs a meeting of the Economic Coordination Committee (ECC) at Finance division, Islamabad, om May 19. —PID
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved the transfer of management control, along with a 30 per cent shareholding, in Pakistan National Shipping Corporation (PNSC) to the National Logistics Corporation (NLC) for optimum and integrated freight transport through shipping and road networks.
The ECC meeting, presided over by Finance Minister Muhammad Aurangzeb, also approved more than a 70pc increase in the subsistence allowance for Kashmiri refugees of 1989 and seven supplementary grants worth around Rs8.634 billion.
An official statement said the ECC “granted in-principle approval for restructuring of PNSC of the Ministry of Maritime Affairs through sale of 30pc shareholding and transfer of management control to NLC” — an army-run logistics firm working under the Ministry of Planning, Development and Special Initiatives.
The summary for restructuring and divestment to NLC was moved by the Ministry of Maritime Affairs following an earlier approval by the prime minister in February this year.
The ECC directed the authorities concerned to expedite the restructuring and consolidation process to tap emerging maritime and transhipment opportunities.
PNSC is Pakistan’s national shipping carrier engaged in the transportation of dry bulk and liquid cargoes across the globe. It operates a fleet of 12 ships with a carrying capacity of 938,876 tonnes of deadweight. It also has a real estate business and a ship repair workshop.
According to official sources, the consolidation is aimed at expanding the national shipping fleet and reducing foreign freight costs. Under the prime minister’s approval, the vessel fleet is to be expanded from 12 to more than 50 in five years, with projected annual foreign exchange savings of $5bn to $6bn in freight costs by handling more sea-route cargo.
Soon PM house and President House will also be handed over to PMA for better facility management.











