ISLAMABAD (Lord Media): The Privatization Commission Board has appointed the Asian Development Bank (ADB) as the financial advisor for the privatization of Islamabad International Airport operations. The board has approved the signing of the transaction advisory services agreement.
In a meeting chaired by Chairman Muhammad Ali, the commission reviewed the terms of the advisory agreement and approved the deal with ADB.
The commission expressed confidence that ADB, with its expertise and experience, will ensure competitiveness and transparency in completing this significant privatization swiftly.
It was further stated that the airport will be outsourced to a capable private sector operator under a long-term concession framework, improving the airport’s operational performance.
The statement added that passenger experience at the airport will be enhanced, and facilities will be aligned with international standards.
The Privatization Commission Board also approved the appointment of BDO Ibrahim & Company Chartered Accountants as external auditors for the three-year period from 2025-26 to 2027-28.
