- Source: Muhammadi Steamship
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.
History
Muhammadi Steamship Company Limited was incorporated on 12 May 1947. 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. Under the Valika family's leadership, the company built Al-Abbas, which was the first major ship to be built in Karachi Shipyard. 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.
Muhammadi House on McLeod Road (now I. I. Chundrigar Road) was the headquarters of the company.
Ships
See also
Merchant Navy (Pakistan)
Merchant Navy
References
External links
"Items in India/Pakistan/Bangladesh - Report of the high level consultants mission to Bangladesh" (PDF). United Nations. Archived from the original (PDF) on 28 July 2011. Retrieved 26 July 2011.