The Government of Pakistan is preparing to finalize a government-to-government (G2G) agreement with the United Arab Emirates (UAE) for the outsourcing of Islamabad International Airport, sources in the Privatization Commission told ProPakistani.
The Ministry of Finance, Ministry of Defense, and Aviation Division have been directed to jointly develop a comprehensive framework for the agreement. This framework will be shared with UAE authorities after obtaining necessary approvals from the federal cabinet and the International Monetary Fund (IMF).
Sources clarified that Islamabad International Airport will not be outsourced through an open bidding process, as earlier planned. Instead, the new strategy involves direct negotiations under the G2G mode.
Previously, an open bidding model had been considered for the airport’s outsourcing. However, the government seeks a quicker and more strategic privatization under its ongoing economic reform program.
The federal government is so far looking to privatize at least seven state-owned entities during the current fiscal year. These include Pakistan International Airlines (PIA), Islamabad Electric Supply Company (IESCO), Faisalabad Electric Supply Company (FESCO), Gujranwala Electric Power Company (GEPCO), First Women Bank, House Building Finance Corporation, and Islamabad International Airport.
Final decisions are expected in the coming months as both domestic and international stakeholders review the proposed framework.
Why not to privatise the Government as well? What they are doing for common man?
Why the hell would you want to give an airport to another country lol?
May be because you cannot manage yourself…
There must be valid reason not to call bidding. One do hope in making contract with UAE all the aspects to safeguard the interest of country are considered.
Our bureaucratese are very good and really want to make the efforts to safe guard the interest of country.
Very unfortunate that there are some black sheep in the rank of bureaucracy that bring bad name to country.
Don’t let this privatization case go to court. This is commercial matter and must be sorted out at govt level. RECO Dhik and privatization of steel mill case were the worst example of cases that we suffered due to judiciary decisions
The bid proposal must be transparent and accessible otherwise underhand deal sense wil prevail. It has to prove outsourcing much beneficial than own operationalization as it is a national strategic asset
Studying
Aoa.
Akhar marium Nawaz ki beti li hai theedkaar Munir nay apnay betay raheel jay liyae .abb chacha itna bhi nahi kar Sakta?pahlay thakaydar Munir ko nawaza 25 Arab say barh kar 104 Arab ho gia ab uae ko dai diya.