The Pakistan National Shipping Corporation (PSX: PNSC) has disclosed that it has received formal communication regarding a proposed acquisition of its shareholding and management control by the National Logistics Corporation (NLC).
In a notice issued to the Pakistan Stock Exchange on February 24, 2026, PNSC said it has received a letter from the Ministry of Maritime Affairs, along with a separate communication from NLC, referencing a directive issued by the Prime Minister.
The Prime Minister has accorded in-principle approval for NLC to acquire a 30 percent shareholding in PNSC, along with transfer of management control and consolidation rights, subject to applicable laws and regulatory approvals.
Following the prime minister’s directive, NLC has formally conveyed its intention to proceed with the proposed acquisition of both equity stake and management control in PNSC.
PNSC is principally engaged in the business of shipping, including charter of vessels, transportation of cargo and other related services and providing commercial, technical, administrative, financial and other services to its subsidiaries and third parties in relation to the business of shipping.
NLC is a government-owned multimodal logistics and construction organization that manages critical, large-scale transport and infrastructure projects.
