ISLAMABAD: Pakistan on Wednesday formally appointed the Asian Development Bank (ADB) as the financial and transaction adviser for the outsourcing of Islamabad International Airport’s operations. Last week, the Privatisation Commission Board reviewed the terms of a transaction advisory services agreement (TASA) with the lender and gave its approval. The TASA was signed by Privatisation Commission Director General Shahid Dayo and ADB Country Director Emma Fan, an official announcement said. Adviser to the Prime Minister on Privatisation and Privatisation Commission Chairman Muhammad Ali, Privatisation Commission Secretary Usman Akhtar Bajwa, Privatisation Division Secretary Hammad Shamimi and ADB Deputy Country Director Syed Hussain Haider witnessed the signing. Under the agreement, ADB would provide comprehensive transaction advisory services, including technical, financial, legal, environmental…

Source: Dawn – Latest News

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