Pakistan signs maritime MoU with Chinese shipping giant to boost collaboration

The Pakistan National Shipping Corporation (PNSC) signed a memorandum of understanding (MoU) with Chinese shipping giant, Shandong Xinxu Group, on Thursday in a move that is set to bring about a “major transformation” in the shipping sector. PNSC, headquartered in Karachi, is Pakistan’s premier national flag carrier, operating under the Ministry of Maritime Affairs. The Shandong Xinxu Group Corporation, based in Zibo City, Shandong Province, is a leading Chinese enterprise engaged in international trade and shipping. A statement from the Press Information Department said the MoU signing ceremony took place between the PNSC CEO and the chairman of Shandong Xinxu Group Corporation in Islamabad with Maritime Affairs Minister Muhammad Junaid Anwar Chaudhry present.