Top Qs
Timeline
Chat
Perspective
Muhammadi Steamship
Defunct Pakistani shipping company From Wikipedia, the free encyclopedia
Remove ads
Muhammadi Steamship Company Limited was a Pakistani shipping company which was headquartered on Muhammad House in Karachi. It was one of the oldest locally owned shipping companies in Pakistan until it was nationalised in 1974.
.jpg)
Remove ads
History
Muhammadi Steamship Company Limited was incorporated on 12 May 1947.[1] It was a large-scale joint venture among business families of Pakistan, including Habib, Cowasjee, Dada, Arag, and Adam, which held ownership until 1963 when Valika family acquired the stake.[2] Under the Valika family's leadership, the company built Al-Abbas, which was the first major ship to be built in Karachi Shipyard.[3] The company was nationalized by the Government of Pakistan under then President Zulfikar Ali Bhutto. It was later merged with other Pakistani nationalized shipping companies to create the Pakistan National Shipping Corporation.
In 1949, it became the first Pakistani shipping line to be publicly listed on the Karachi Stock Exchange.[4]
Muhammadi House on McLeod Road (now I. I. Chundrigar Road) was the headquarters of the company.[5]
Remove ads
Ships
Remove ads
See also
References
External links
Wikiwand - on
Seamless Wikipedia browsing. On steroids.
Remove ads