The Government of Pakistan has been pushing for outsourcing t
The Government of Pakistan has been pushing for outsourcing the operations of major airports including Islamabad International Airport (IIA) amid the continuous depletion of forex reserves, according to a report published by Dawn quoting sources.
The Government of Pakistan has been pushing for outsourcing the operations of major airports including Islamabad International Airport (IIA) amid the continuous depletion of forex reserves, according to a report published by Dawn quoting sources.
Finance Minister Ishaq Dar has convened multiple meetings of the committee formed to engage foreign operators for outsourcing. He told the stakeholders to finalize formalities to outsource the operations of Islamabad International Airport (IIA) by August 12.
Finance Minister Ishaq Dar has convened multiple meetings of the committee formed to engage foreign operators for outsourcing. He told the stakeholders to finalize formalities to outsource the operations of Islamabad International Airport (IIA) by August 12.
On Saturday, Dar chaired a meeting of the steering committee for assessing the progress of airport operations outsourcing. The committee had given explicit instructions to complete the necessary procedures for IIA outsourcing as a priority, Dawn reported.
On Saturday, Dar chaired a meeting of the steering committee for assessing the progress of airport operations outsourcing. The committee had given explicit instructions to complete the necessary procedures for IIA outsourcing as a priority, Dawn reported.
After the meeting, an official statement announced that World Bank’s International Finance Corporation (IFC), the transaction adviser for the outsourcing briefed the meeting on the progress. The meeting agreed to fast-track IIA’s outsourcing to improve service delivery in line with best industry practices.
After the meeting, an official statement announced that World Bank’s International Finance Corporation (IFC), the transaction adviser for the outsourcing briefed the meeting on the progress. The meeting agreed to fast-track IIA’s outsourcing to improve service delivery in line with best industry practices.
The Economic Coordination Committee on March 31 decided to kick off the 25-year outsourcing of operations and land assets at Islamabad, Lahore, and Karachi airports. Their functions will be run through a public-private partnership to generate foreign exchange.
The Economic Coordination Committee on March 31 decided to kick off the 25-year outsourcing of operations and land assets at Islamabad, Lahore, and Karachi airports. Their functions will be run through a public-private partnership to generate foreign exchange.
The finance minister, in the meeting, also gave a deadline to departments concerned for finalizing amendments to civil aviation laws and a plan for Pakistan International Airlines (PIA) restructuring, as per Dawn reports.
The finance minister, in the meeting, also gave a deadline to departments concerned for finalizing amendments to civil aviation laws and a plan for Pakistan International Airlines (PIA) restructuring, as per Dawn reports.
The amendments are being made to segregate the functions of the Pakistan Civil Aviation Authority, PIA, and Airports Security Force. The objective is to eliminate overlapping responsibilities of these organizations by enacting ordinances.
The amendments are being made to segregate the functions of the Pakistan Civil Aviation Authority, PIA, and Airports Security Force. The objective is to eliminate overlapping responsibilities of these organizations by enacting ordinances.
Dar emphasized getting amendments approved by the parliament before the end of July. This timeline is crucial as it would allow global aviation regulators to dispatch inspectors in August for an on-ground assessment of operational systems and standards necessary to restore PIA’s flights to the US, UK and Europe.
Dar emphasized getting amendments approved by the parliament before the end of July. This timeline is crucial as it would allow global aviation regulators to dispatch inspectors in August for an on-ground assessment of operational systems and standards necessary to restore PIA’s flights to the US, UK and Europe.
Failure to meet this deadline would result in a year-long delay before the inspections occur, as per ANI reports.
Failure to meet this deadline would result in a year-long delay before the inspections occur, as per ANI reports.
The meeting chaired by the finance minister was also attended by Federal Minister for Aviation and Railways Saad Rafique, Special Assistant to Prime Minister on Finance Tariq Bajwa, the Aviation Division secretary, Public Private Partnership Authority CEO, PCAA director general, IFC representatives, and other government officials.
The meeting chaired by the finance minister was also attended by Federal Minister for Aviation and Railways Saad Rafique, Special Assistant to Prime Minister on Finance Tariq Bajwa, the Aviation Division secretary, Public Private Partnership Authority CEO, PCAA director general, IFC representatives, and other government officials.
www.livemint.com