The Privatisation Commission Board has constituted a negotiation committee to engage with the Asian Development Bank (ADB) for the appointment of a financial adviser for the proposed privatisation of Islamabad International Airport.
The decision was taken during the Board’s 248th meeting, chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission.
The committee will negotiate the terms of a potential Financial Advisory Services Agreement (FASA) with ADB and present its recommendations to the Board for approval, in line with the Privatisation Commission (Hiring of Financial Adviser) Regulations, 2018. The Board had earlier approved initiating direct negotiations with ADB under the relevant regulatory framework.
The proposed transaction involves outsourcing airport operations under a concession model through an open and competitive bidding process. The aim is to improve operational efficiency, enhance service standards, and maximise value for the government.
Separately, the Board also approved the audited financial statements of the Privatisation Commission for the fiscal year 2024–25, in accordance with statutory requirements. The Commission reiterated its commitment to conducting all privatisation transactions transparently and competitively to protect public interest and maximise returns for the national exchequer.
