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Friday, February 3, 2023
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NLC on way to success as it records highest ever profits!

NLC continues to play a remarkable role for Pakistan. It runs one of Pakistan’s largest dry cargo operations covering more than 100 destinations. In FY-2022-23, NLC plans to add another 200 additional vehicles which will increase the fleet size to 1100.

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Federal Minister for Planning Development & Special Initiatives Asad Umar lauded National Logistics Cell (NLC) for outstanding performance in the last two years. According to details, NLC recorded the highest ever profits for 2021.

To clarify, Minister Asad Umar recently chaired the 65th meeting of the National Logistics Board (NLB). Quartermaster General, DG NLC, Secretary Ministry of PD&SI, and other board members attended the meeting.

During the meeting, the DG NLC briefed the participants about the operational, administrative, and financial matters of the organization with special reference to the accomplished tasks and future development plans of NLC.

Read more: NLC goes international with new TIR admission

In 2021, NLC recorded profits of Rs 5.7 billion from operations, and Rs. 9.2 billion including capital gain. This is a massive improvement as compared to Rs. 700 million in the year 2018-19. Moreover, NLC also briefed the board regarding the upgrade of its fleets.

According to details, NLC has booked an additional 150 vehicles. This will enhance its current fleet size up to 900. Moreover, NLC plans to add another 200 additional vehicles in FY-2022-23 which will increase the fleet size to 1100.

Additionally, a road freight terminal is also being developed at Landhi (Karachi) comprising of all facilities of transport operations and is likely to be completed by August 2022.

DG NLC further informed the meeting that the 47% work on ITTMS Torkham, 42.6% work on ITTMS (Chaman),71% work on Naltar has been completed while100% work on CPEC Package 1Rehmani Khail-Yarik has been completed. NLC has also digitalized a logistic management system and established state-of-art data center to cater to the needs for the next ten years.

Asad Umar appreciates NLC

Reacting to the developments, the Minister directed to increase NLC budget approval limit to fast-track the project execution.

He also appreciated the performance of NLC and its valuable contribution to nation-building efforts and timely completion of the projects. Furthermore, he hoped that NLC would continue to play its role in boosting economic activities in the country.

NLC has indeed played a remarkable role for Pakistan. It runs one of Pakistan’s largest dry cargo operations covering more than 100 destinations.

Additionally, NLC is the first logistics organization of Pakistan to establish market connectivity through land routes under Transports Internationaux Routiers (TIR). The first commercial TIR moved to Turkey and Azerbaijan through Iran in Oct 2021.

Read more: Turkey, Azerbaijan appreciate NLC’s historic TIR initiative