ISLAMABAD: The decision to outsource three main airports in Islamabad, Lahore and Karachi was made by the government on Friday in a meeting chaired by PM Shehbaz Sharif. The decision was to draw attraction to foreign direct investment and give visitors access to exceptional facilities.
According to the press release issued by the PM Office, other important issues related to the aviation industry were also discussed.
In the first phase, the government would use the services of reputable international operators to administer three significant airports. The foreign operators would assist the firms for 20–25 years. Additionally, it was determined at the meeting to hire the International Finance Corporation to offer consulting services.
Moreover, to improve the conditions of the airports the international operators would offer services of a global standard. The Public-Private Partnership Authority was told to proceed with the paperwork.
On the PM directives, the process should be transparent while meeting international standards. Furthermore, 44 nations, including the US, UK, India, Bahrain, and Brazil, were also among those adopting the public-private partnership model.
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