The recent developments in Pakistan's aviation sector have been marked by significant privatization efforts, with the government prioritizing the outsourcing of Islamabad International Airport following the sale of Pakistan International Airlines (PIA). According to ProPakistani, the federal government has decided to use an open bidding process for outsourcing the airport, attracting interest from countries like Saudi Arabia, the UAE, and Turkey. A financial adviser is being appointed to manage this process, and the government plans to extend this outsourcing strategy to Karachi and Lahore airports in phases. The Secretary of the Privatization Commission emphasized that the management will be awarded to the highest bidder, ensuring transparency and competitive value. This move follows the official handover of PIA to a consortium led by Arif Habib Corporation, which acquired 75% of PIA shares for Rs135 billion, as reported by Dawn. Prime Minister Shehbaz Sharif congratulated the nation on this milestone, highlighting the government's commitment to improving the aviation sector.
PRIVATIZATION
Pakistan Government Outsources Islamabad Airport After PIA Privatization

Pakistan's aviation sector sees major privatization with Islamabad Airport outsourcing and PIA's sale. Transparency and competitive bidding are prioritized amid mixed reactions and calls for clarity.
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