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ISLAMABAD: The Privatisation Commission on Tuesday approved the appointment of a financial adviser for the outsourcing of Lahore and Karachi airports.
In a statement, the commission said its board of directors had approved a “consortium led by EY-Parthenon as the top-ranked interested party” for appointment as financial adviser for the outsourcing of Allama Iqbal International Airport, Lahore, and Jinnah International Airport, Karachi.
The board also constituted a negotiation committee to finalise the Financial Advisory Services Agreement (FASA) with the successful consortium, the statement added.
Meanwhile, the commission appointed the Manila-based Asian Development Bank (ADB) last month as financial and transaction adviser for the outsourcing of New Islamabad International Airport.
