ADB appointed as advisor for outsourcing of Islamabad International Airport

The Privatization Commission Board has appointed the Asian Development Bank (ADB) as the financial advisor for the outsourcing of operations of Islamabad International Airport and has approved the signing of a Transaction Advisory Services Agreement in this regard.

According to the Privatization Commission Board, a meeting was held under the chairmanship of Muhammad Ali, Advisor to the Prime Minister on Privatization and Chairman of the Privatization Commission, in which the PC Board reviewed the terms of the advisory agreement and approved the agreement signed with the ADB.

The Privatization Commission Board expressed confidence that the ADB, with its expertise and experience, will be able to complete this important privatization expeditiously while ensuring competition and transparency.

It was further informed that the Islamabad International Airport will be outsourced to a qualified private sector operator under a long-term concessional framework through a transparent and competitive process and this process is expected to improve the operational efficiency of the airport.

The statement said that the passenger experience at the airport will be improved and the airport facilities will be brought into line with international standards.

In addition, the Privatization Commission Board has also approved the appointment of BDO Ibrahim & Company Chartered Accountants as external auditors for the three-year audit period 2025-26 to 2027-28 on the recommendation of the Board’s Audit Committee.

The PC Board has expressed its commitment to maintaining high standards based on transparency and efficiency to maintain the growing confidence of investors in the government’s privatization program.