The Privatisation Commission has entered into a significant agreement with the Asian Development Bank (ADB) to appoint the bank as the financial adviser for the outsourcing of Islamabad International Airport. This collaboration marks a crucial step in the government’s ongoing efforts to enhance the operational efficiency of the airport through private sector involvement.
Under the terms of the agreement, the ADB will provide comprehensive advisory services encompassing technical, financial, legal, and commercial aspects. This multifaceted support is designed to facilitate a transparent and competitive outsourcing process, aimed at attracting reputable international airport operators and investors to manage the facility.
The signing ceremony was attended by key figures including Emma Fan and Shahid Daio, representing the ADB, as well as Muhammad Ali, the Prime Minister’s Adviser and Chairman of the Privatisation Commission. Senior officials from the Privatisation Commission, the Privatisation Division, and the ADB also participated, underscoring the collaborative nature of this initiative.
This move aligns with the government’s broader strategy to boost private sector participation in state-owned enterprises, particularly within the aviation sector. By leveraging the expertise of the ADB, the government aims to ensure that the outsourcing process is conducted with the highest standards of transparency and competitiveness, ultimately improving service quality and operational management at Islamabad International Airport.
