Get the latest news and updates from Dawn
ISLAMABAD: The Board of the Privatisation Commission (BPC) on Tuesday approved the appointment of a financial adviser for the outsourcing of operations at Lahore and Karachi airports and decided to start the process for the sale of the fourth batch of two more power distribution companies (Discos) — Lahore and Multan.
In a statement, the Privatisation Commission said its board of directors approved a “consortium led by EY-Parthenon as the top-ranked interested party for appointment as financial adviser for the outsourcing of operations of Allama Iqbal International Airport, Lahore (AIIAP), and Jinnah International Airport, Karachi (JIAP)”. The board also constituted a negotiation committee to finalise the Financial Advisory Services Agreement (FASA) with the successful consortium.
The PC appointed the Manila-based Asian Development Bank (ADB) last month as financial and transaction adviser for the outsourcing of operations at the New Islamabad International Airport.
PC forms committee to finalise deal with EY-Parthenon
