Pakistan's ECC Approves NLC Takeover of Shipping Corporation

ECC allows NLC to take over shipping corporation

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 refuge...

By none@none.com (Khaleeq Kiani)