The Ministry of Finance announced on Thursday that Pakistan will proceed with the sale of a contract to manage Islamabad airport through a tender process. The decision came after consultations with the International Finance Corporation (IFC) as part of Pakistan’s efforts to generate foreign exchange reserves for its struggling economy.
Earlier in March, Pakistan initiated the outsourcing of operations at three major airports, with Islamabad airport being the first to be affected. The move aims to enhance service delivery in line with industry best practices.
Furthermore, officials revealed that Pakistan has been in discussions with Qatar regarding a joint operation to run the terminals at Islamabad, Karachi, and Lahore airports. The Qatar Investment Authority had previously pledged a $3 billion investment in Pakistan after Prime Minister Shehbaz Sharif’s visit to Doha late last year.
