Privatisation Commission approves financial adviser for outsourcing Karachi, Lahore airports

ISLAMABAD: The Privatisation Commission on Tuesday approved the appointment of a financial adviser for the outsourcing of Lahore and Karachi airports. In a statement, the commission said its board of directors had approved a “consortium led by EY-Parthenon as the top-ranked interested party” for appointment as financial adviser for the outsourcing of Allama Iqbal International Airport, Lahore, and Jinnah International Airport, Karachi. The board also constituted a negotiation committee to finalise the Financial Advisory Services Agreement (FASA) with the successful consortium, the statement added. Meanwhile, the commission appointed the Manila-based Asian Development Bank (ADB) last month…