Govt. moving toward government-to-government deal with UAE to outsource
Islamabad Airport
The Government of Pakistan is moving
toward a government-to-government (G2G) agreement with the United Arab Emirates
(UAE) to outsource operations of Islamabad International Airport.
Instead of conducting an open
bidding process as initially planned, the airport’s outsourcing will now be
pursued through direct negotiations with UAE authorities under the G2G model.
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More Cabinet
cancels outsourcing of Islamabad International Airport
To facilitate the process, the Ministry
of Finance, Ministry of Defense, and Aviation Division have been tasked with
jointly drafting a comprehensive framework. This plan will be presented to the
UAE after receiving formal approvals from the federal cabinet and the International
Monetary Fund (IMF).
The decision to bypass open bidding
is part of the government’s broader effort to expedite strategic privatizations
under its ongoing economic reform agenda.
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More Outsourcing
of Islamabad Airport to accelerate
So far, the federal government is
targeting the privatization of 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
- Islamabad International Airport
Final decisions regarding the
airport handover and other privatizations are expected in the coming months, as
both local and international stakeholders review the proposed arrangements.
Source: Pro Pakistani