The Board of the Privatisation Commission has set up a negotiation committee to finalise terms with the Asian Development Bank for hiring a financial adviser for the planned privatisation of Islamabad International Airport.

The decision was made at the Board’s 248th meeting chaired by Muhammad Ali today. The committee has been tasked with negotiating the proposed advisory agreement and submitting its recommendations for the Board’s approval.

The privatisation plan envisions outsourcing airport operations under a concession arrangement through a transparent and competitive process. The objective is to strengthen operational performance, improve passenger services, and ensure optimal value for the Government of Pakistan.

In addition, the Board reviewed and approved the Commission’s audited accounts for FY2024–25. It reaffirmed that all privatisation initiatives will be conducted in accordance with applicable laws, ensuring transparency, competition, and protection of public interest.