ISLAMABAD: The government said on Friday that airports in Islamabad, Lahore, and Karachi would be outsourced in order to attract foreign direct investment and give “world-class amenities” to travellers.
The decision was made at a meeting hosted by Prime Minister Shehbaz Sharif to examine aviation issues, according to a press release from the PM Office.
It was agreed that the government will employ worldwide reputed operators to manage three major airports in the first phase.
According to the idea, multinational operators would assist in the operation of the aforementioned enterprises for a period of 20-25 years.
The conference also voted to hire the International Finance Corporation as a consultant.
The multinational operators would offer international-standard services at the airports in addition to elevating them via foreign investment.
The assembly authorised the Public Private Partnership Authority to begin the procedures.
The prime minister directed the authority to guarantee that the procedure was completed openly and in line with the highest standards.
The attendees were also informed that 44 nations, including the United States, the United Kingdom, India, Bahrain, and Brazil, were following the public-private-partnership paradigm.