Islamabad: The Privatisation Commission Board (PC Board) has constituted a negotiation committee to engage with the Asian Development Bank (ADB) on the terms of a potential Financial Advisory Services Agreement (FASA) for the proposed privatisation of Islamabad International Airport.
The decision was taken at a meeting of the PC Board chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission. The move follows the board’s earlier approval to initiate direct negotiations with ADB in line with the Privatisation Commission (Hiring of Financial Adviser) Regulations, 2018.
According to officials, the negotiation committee has been tasked with holding talks with ADB and submitting its recommendations to the PC Board for consideration and approval, in accordance with the applicable regulatory framework.
The proposed transaction envisages outsourcing the operations of Islamabad International Airport under a concession model through an open and competitive process. The objective, officials said, is to enhance operational efficiency and service delivery standards while ensuring optimal value realisation for the government.
In a separate agenda item, the PC Board reviewed and approved the audited financial statements of the Privatisation Commission for the fiscal year 2024–25, in line with statutory requirements.
The board reaffirmed its commitment to conducting all privatisation transactions in a transparent, competitive and rule-based manner to safeguard public interest and maximise value for the national exchequer.
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