PC has approved the appointment of the Asian Development Bank (ADB) as financial adviser for the outsourcing.
ISLAMABAD: Pakistan’s Privatisation Commission (PC) has approved the appointment of the Asian Development Bank (ADB) as financial adviser for the outsourcing of operations at Islamabad International Airport under a long-term concession framework.
The decision was taken during the 255th meeting of the Privatisation Commission Board, chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Commission. The board approved the signing of the Transaction Advisory Services Agreement (TASA) with the ADB after reviewing the negotiated terms of the agreement.
The commission said the ADB’s expertise is expected to facilitate the transaction through a competitive and transparent bidding process, ensuring maximum competition.
Under the proposed arrangement, Islamabad International Airport will be outsourced to a qualified private-sector operator under a long-term concession model aimed at improving operational efficiency, enhancing passenger experience, and bringing airport services in line with international best practices.
Separately, the board approved the appointment of BDO Ebrahim & Company, Chartered Accountants, as the commission’s external auditors for the financial years 2025-26 through 2027-28, following the recommendation of the board’s Audit Committee.
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The Privatisation Commission reaffirmed its commitment to maintaining transparency, efficiency, and high governance standards to strengthen investor confidence in the government’s privatisation programme.
