Connect with us

Hi, what are you looking for?


IFC team starts the process to evaluate outsourcing of Karachi, Lahore and islamabad airports

IFC team starts the process to evaluate outsourcing of Karachi, Lahore and Islamabad airports

ISLAMABAD: A team of the International Finance Corporation has reached Pakistan to evaluate the outsourcing of Karachi, Lahore, and Islamabad airports.

The IFC team members are holding meetings with the senior CAA officials and others to kickstart work on the process of the three airports’ outsourcing.

The experts of the IFC also held meetings with the representatives of the international airlines _ Emirates, Saudi Airlines, and Pakistan International Airlines and discussed with them the matters pertaining to the outsourcing.

Meanwhile, the cabinet has approved the draft Transaction Advisory Agreement with the IFC to outsource Pakistan’s three major airports.

Importantly, Pakistan government has hired the IFC to outsource the three airports. The officials of the IFC would continue their meetings with different stakeholders in Pakistan till April 14.

The IFC officials would also examine different parts and sectors of the airports to evaluate their facilities and operational capabilities.

Pakistan government wants to outsource Karachi, Lahore, and Islamabad airports under the public-private partnership mechanism. It will encourage the inflow of foreign investment and further upgradation of facilities at the airports.

At present, 44 countries in the world, including the United States, UK, India, Bahrain and Brazil are running their airports in the public-private partnership.

Javed Mahmood
Written By

I am an experienced writer, analyst, and author. My exposure in English journalism spans more than 28 years. In the past, I have been working with daily The Muslim (Lahore Bureau), daily Business Recorder (Lahore/Islamabad Bureaus), Daily Times, Islamabad, daily The Nation (Lahore and Karachi). With daily The Nation, I have served as Resident Editor, Karachi. Since 2009, I have been working as a Freelance Writer/Editor for American organizations.

Art & Culture

Heritage Channel Caretaker Minister for Culture and Heritage Jamal Shah announced the launch of a dedicated heritage channel to promote regional literature in Pakistan....


Investment Scheme The Securities and Exchange Commission of Pakistan (SECP) issued a stern warning today, cautioning the public against investing in fraudulent schemes promoted...


Five Eyes Canadian Intelligence and Five Eyes Corroborated Canadian PM Trudeau’s statement of Indian government’s involvement in murder of Sikh leader Hardeep Singh. Following...


The White House has reaffirmed its strong support for Canada in light of allegations suggesting Indian involvement in the murder of Canadian Sikh separatist...