The Government of Pakistan has been pushing to outsource the operations of major airports, including Islamabad International Airport (IIA), amid continued depletion of foreign exchange reservesaccording to a report published by Sunrise citing sources.
The Government of Pakistan has been pushing to outsource the operations of major airports, including Islamabad International Airport (IIA), amid continued depletion of foreign exchange reservesaccording to a report published by Sunrise citing sources.
Finance Minister Ishaq Dar has called multiple meetings of the committee formed to hire foreign operators for outsourcing. He told the interested parties to finalize the procedures to outsource operations to Islamabad International. Airport (IIA) before August 12.
Finance Minister Ishaq Dar has called multiple meetings of the committee formed to hire foreign operators for outsourcing. He told the interested parties to finalize the procedures to outsource operations to Islamabad International. Airport (IIA) before August 12.
On Saturday, Dar chaired a steering committee meeting to assess the progress of outsourcing airport operations. The committee had given explicit instructions to complete the necessary procedures for IIA outsourcing as a priority, Sunrise informed.
On Saturday, Dar chaired a steering committee meeting to assess the progress of outsourcing airport operations. The committee had given explicit instructions to complete the necessary procedures for IIA outsourcing as a priority, Sunrise informed.
After the meeting, an official statement announced that the World Bank’s International Finance Corporation (IFC), the transaction advisor for the outsourcing, briefed the meeting on progress. The meeting agreed to expedite IIA’s outsourcing to improve service delivery in accordance with industry best practices.
After the meeting, an official statement announced that the World Bank’s International Finance Corporation (IFC), the transaction advisor for the outsourcing, briefed the meeting on progress. The meeting agreed to expedite IIA’s outsourcing to improve service delivery in accordance with industry best practices.
The Economic Coordination Committee decided on March 31 to start the outsourcing of 25 years of operations and ground assets at Islamabad, Lahore and Karachi airports. Its functions will be executed through a public-private partnership to generate Foreign exchange.
The Economic Coordination Committee decided on March 31 to start the outsourcing of 25 years of operations and ground assets at Islamabad, Lahore and Karachi airports. Its functions will be executed through a public-private partnership to generate Foreign exchange.
The finance minister, at the meeting, also gave a deadline to concerned departments to finalize amendments to civil aviation laws and a plan for the restructuring of Pakistan International Airlines (PIA), according to Sunrise reports.
The finance minister, at the meeting, also gave a deadline to concerned departments to finalize amendments to civil aviation laws and a plan for the restructuring of Pakistan International Airlines (PIA), according to Sunrise reports.
Modifications are being made to segregate the functions of the Pakistan Civil Aviation Authority, the PIA and the Airport Security Force. The goal is to eliminate overlapping responsibilities of these organizations through the enactment of ordinances.
Modifications are being made to segregate the functions of the Pakistan Civil Aviation Authority, the PIA and the Airport Security Force. The goal is to eliminate overlapping responsibilities of these organizations through the enactment of ordinances.
Dar stressed getting the amendments through parliament before the end of July. This timeline is crucial as it would allow global aviation regulators to send inspectors in August for a ground-based assessment of the systems and operational standards needed to restore PIA flights to the US, UK and Europe.
Dar stressed getting the amendments through parliament before the end of July. This timeline is crucial as it would allow global aviation regulators to send inspectors in August for a ground-based assessment of the systems and operational standards needed to restore PIA flights to the US, UK and Europe.
Failure to meet this deadline would result in a one-year delay before inspections are carried out, according to ANI reports.
Failure to meet this deadline would result in a one-year delay before inspections are carried out, according to ANI reports.
The meeting chaired by the finance minister was also attended by Federal Minister of Aviation and Railways Saad Rafique, Special Assistant to the Prime Minister for Finance Tariq Bajwa, Secretary of the Aviation Division, Director General of the Associations Authority Public Private, the general director of the PCAA, representatives of the IFC and other government officials.
The meeting chaired by the finance minister was also attended by Federal Minister of Aviation and Railways Saad Rafique, Special Assistant to the Prime Minister for Finance Tariq Bajwa, Secretary of the Aviation Division, Director General of the Associations Authority Public Private, the general director of the PCAA, representatives of the IFC and other government officials.
Discover more from PressNewsAgency
Subscribe to get the latest posts sent to your email.