1971 the government nationalised the shipping industry, and merged all
shipping lines under the Pakistan National Shipping Corporation (PNSC).
Later, PNSC went to the public sector also with 90.2% government
ownership and 4.9% private sector ownership. PNSC has a fleet of 22
vessels and its subsidiary, the National Tanker Company, owns one
The Government has issued 35 licenses to private sector companies, but
so far only two companies have started up - the Tri-Star Shipping
Company with one tanker, and the Millwalla Shipping Company with only
one small vessel. Although there are only two companies under the
Pakistan national flag in the private sector, a number of companies are
operating under flags of their own convenience.
Foreign shipping lines dominate the Pakistan shipping industry. Due to
small size and inadequate capacity, the national fleet is presently
shipping approximately 10 percent of the regular cargo and 25 percent of
the liquid build cargo.
The shipping sector in Pakistan is in its infancy at the present moment.
With no sufficient amount of capital invested into the shipping sector,
the entire fleet of the nation is left to only 24 ships, 17 of which are
held by Pakistan National Shipping Corporation. The rest are owned by
Tri-Star Shipping Corporation and a few other shipping lines.
The country has two major seaports viz. Karachi and Bin Qasim. Besides,
Gwadar Fish Harbour cum Mini Port has been substantially completed.
Feasibility Study to develop Keti Bunder as a Fish Harbour cum Mini Port
is currently under process.
All the ports and the shipping lines are not sufficient to meet the
growing demands of Pakistan and other countries and regions that these
countries cater to. Regions include Kashmir, Western China, Afghanistan
and Central Asian Republics like Kazakhstan, Uzbeksitan, Tajikistan and