The government decided on Friday to outsource airports in Islamabad, Lahore, and Karachi in a bid to attract foreign direct investment and provide "world-class facilities" to passengers.

The decision was taken in a meeting chaired by Prime Minister Shehbaz Sharif to discuss matters pertaining to the aviation sector, a PM Office press release said.

It was decided that the government would hire the services of operators of international repute to run three major airports in the first phase.

As per the plan, the international operators would help run the said entities for a period of 20-25 years.

The meeting also decided to engage the International Finance Corporation to provide consultancy services.

The international operators would provide the services of international standards at the said airports besides uplifting them through foreign investment.

The meeting gave the Public Private Partnership Authority a go-ahead to initiate the formalities.

The prime minister instructed the authority to ensure the accomplishment of the process transparently and in accordance with the highest standards.

The participants were also told that 44 countries were pursuing the public-private-partnership formula including the US, UK, India, Bahrain, and Brazil where the airports were run under the PPP mode.

Opinion

Editorial

Military option
Updated 21 Nov, 2024

Military option

While restoring peace is essential, addressing Balochistan’s socioeconomic deprivation is equally important.
HIV/AIDS disaster
21 Nov, 2024

HIV/AIDS disaster

A TORTUROUS sense of déjà vu is attached to the latest health fiasco at Multan’s Nishtar Hospital. The largest...
Dubious pardon
21 Nov, 2024

Dubious pardon

IT is disturbing how a crime as grave as custodial death has culminated in an out-of-court ‘settlement’. The...
Islamabad protest
Updated 20 Nov, 2024

Islamabad protest

As Nov 24 draws nearer, both the PTI and the Islamabad administration must remain wary and keep within the limits of reason and the law.
PIA uncertainty
20 Nov, 2024

PIA uncertainty

THE failed attempt to privatise the national flag carrier late last month has led to a fierce debate around the...
T20 disappointment
20 Nov, 2024

T20 disappointment

AFTER experiencing the historic high of the One-day International series triumph against Australia, Pakistan came...