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ISLAMABAD: The Privatisation Commission Board on Friday approved the signing of a transaction advisory services agreement (TASA) with the Asian Development Bank (ADB) for the outsourcing of operations of Islamabad International Airport.
In February, the board formed a negotiation committee to engage with the ADB and discuss terms for a financial advisory services agreement. This committee would undertake negotiations and submit recommendations to the board for approval.
The meeting, presided over by Adviser to the Prime Minister on Privatisation and Privatisation Commission Chairman Muhammad Ali, reviewed the terms of the agreement negotiated with the ADB and approved it.
The board expressed confidence that the ADB, with its expertise and experience, would be able to successfully complete this important transaction swiftly while ensuring maximum competition and transparency.
