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ISLAMABAD: The Privatisation Commission Board (PCB) 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 (IIAP).
The meeting, presided over by Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission Muhammad Ali, reviewed the terms of the negotiated TASA and approved the agreement with ADB.
The board expressed confidence that ADB, with its expertise and experience, will successfully complete this transaction expeditiously while ensuring maximum competition and transparency.
IIAP will be outsourced to a qualified private sector operator under a long-term concession framework through a competitive bidding process. The privatisation is expected to enhance operational efficiency, improve passenger experience, and align airport services with international best practices.
