Staff Reporter
KARACHI: The Board of Directors of Pakistan
National Shipping Corporation (PNSC) in its meeting has reviewed and approved
its financial performance and position for the year ended June 30, 2017. Highest Group After Tax Profit of the last
twelve years (since year 2005) amounting to Rs. 2,477 million has been achieved
during the year against Rs. 2,323 million in the last year. Earnings per Share
of the Group increased to Rs. 18.75 from Rs. 17.59 in the corresponding last
year. Following the historic trend, PNSC's Board this year too fulfilled the
shareholders' expectation by proposing a final cash dividend of 20%.
Despite pressure faced by global shipping
industry due to drastic reduction in Bulk freight rates internationally, PNSC
achieved better results by focusing on more profitable ventures besides
retaining its repute as one of the major contributors to sea borne trade in
Pakistan. Nevertheless, the Group intends to expand more by involving in fleet
expansion programs and floating transit oil storage services.
M. Imran Sharif born in Hyderabad Sindh, he initially worked as a photographer with Pakistani newspaper and currently working as a special correspondent in The Financial Daily since August 2007, He began his journalistic career with Daily Imroz as a photographer.
2 years after serving in Imroz, he served as Special Correspondent of the monthly "Awami Awaz" Hyderabad.
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