PNSC A DECADE OF GLORY

PNSC had shown an impressive turnaround since 2001, through application and reorientation of its business strategies. Since then Corporation has maintained its profitability especially in the ongoing world financial crises of late October 2008. During this recessionary period PNSC has taken several austerity and business development measures to curtail expenses and mitigate adverse affects of the situation, and made best of the opportunities in market conditions. PNSC modernized its fleet and reduce average age profile of fleet from 20 years in 2001 to under 12 years and increased its carrying capacity from 243,749 DWT in 2001 to 610,167 DWT in 2011. The Corporation having achieved a solid financial standing, is now consolidating its growth through diversification of business patterns, administrative measures, dynamic and profound human resources, modernization of fleet and optimization of fleet operations coupled with IT based solution.

COMMERCIAL PERFORMANCE
TradeInMillionTonnes 90 80 70 60 50 40 30 20 10 0 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 1000000 800000 DWT 600000 400000 200000 0

Pakistan'sSeaTrade(MillionTonnes)

PNSCContribution(MillionTonnes)

PNSCDWT

FINANCIAL PERFORMANCE Profit / (Loss)

Rs. Million
2,900 2,700 2,500 2,300 2,100 1,900 1,700 1,500 1,300 1,100 900 700 500 300 100 (100) (300) (500)

WEALTH DISTRIBUTION

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

REVENUE VS OPERATING EXPENSE

REVENUE BY SEGMENT

ACHIEVEMENTS
PAST 10 YEAR ACHIEVEMENTS 2001 2011 Total of 12 ships acquired at cost of US$ 325.440 million (7 Oil Tankers & 5 Bulk Carriers). Total of 19 ship disposed off, earning US$ 70.243 million (11 General Cargo ships, 3 Container vessels and 5 Oil Tankers). PNSC achieved credit rating by PACRA which is being maintained. o Long Term rating as AA -. o Short Term as A1+. Foreign exchange earning USD 1,219 million. Tax Paid to Government of Pakistan Rs. 3.689 billion. Paid Dividends to Government of Pakistan Rs. 1.67 billion. Bonuses are being paid to employees on yearly basis. Salary increase of Employees on regular basis.

STRATEGIC OBJECTIVES
Persistent growth by strategically investing and diversifying in marine sector. To be optimally profitable, viable, commercial organization contribute to the national economy by securing a reasonable return on capital and minimize outflow of national foreign reserves. Ensure steady supplies to Pakistan defence forces during peace & war. To be highly ethical, environment friendly and socially responsible business entity. To provide its clientele with safe, secure, reliable and efficient services.