ISLAMABAD, July 10, 2026: The Privatisation Commission Board has approved the appointment of the Asian Development Bank (ADB) as financial adviser for the outsourcing of operations of Islamabad International Airport (IIAP) under a long-term concession framework.
The decision was taken during the commission’s 255th board meeting, chaired by Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairman of the Privatisation Commission, where members approved the signing of the Transaction Advisory Services Agreement (TASA) with ADB.
According to the Privatisation Commission, the agreement will allow ADB to provide advisory support for the transaction process, including efforts to ensure transparency, competition, and an efficient bidding process for selecting a private sector operator.
Islamabad airport operations to be outsourced through competitive bidding
The Privatisation Commission said Islamabad International Airport will be outsourced to a qualified private operator through a competitive bidding process under a long-term concession arrangement.
The government expects the outsourcing initiative to improve operational efficiency, enhance passenger services, and bring airport operations closer to international standards.
The commission board reviewed and approved the negotiated terms of the advisory agreement with ADB, expressing confidence in the development bank’s experience and technical expertise to complete the transaction process.
Privatisation Commission approves external auditor appointment
During the meeting, the Privatisation Commission Board also approved the appointment of BDO Ebrahim & Company, Chartered Accountants, as external auditors for three financial years from 2025-26 to 2027-28.
The appointment was made following recommendations from the board’s Audit Committee.
The Privatisation Commission said it would continue focusing on transparency, efficiency, and maintaining standards to strengthen investor confidence in the government’s privatisation programme.
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