IFC team reveals major update on Islamabad Airport outsourcing

05:47 PM | 15 Jun, 2024
IFC team reveals major update on Islamabad Airport outsourcing

ISLAMABAD - The outsourcing of the Islamabad International Airport would speed up as an important date for the process has been revealed.  

During the 10th Meeting of the Steering Committee on Outsourcing of Islamabad, Karachi and Lahore airports, the International Finance Corporation (IFC) team briefed the lawmakers on the progress regarding the outsourcing of Islamabad Airport.

The meeting, held on Thursday, was chaired by Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar. The participants were told that healthy competition between various consortiums, comprising local and foreign investors, is expected on July 15, 2024, the bid closing date.

The participants of the meeting - including Defence Minister Khawaja Muhammad Asif, Law Minister Azam Nazeer Tarar, Secretary Aviation Saif Anjum, officials from the Board of Investment and the Civil Aviation Authority, and a team from International Finance Corporation (IFC) - also reviewed progress regarding the outsourcing of the Allama Iqbal International Airport Lahore and Jinnah International Airport Karachi and were satisfied with the work done so far

It is to be highlighted that the former Aviation Adviser had said that only the operation and management of specific airport components would be outsourced, while critical services such as the Air Traffic Control Tower, Rescue and Fire Fighting Services and Air Navigation services would remain under the administrative control of the Pakistan Civil Aviation Authority.

The government has already clarified that the airports in Lahore and Karachi would also be outsourced after the outsourcing of Islamabad International Airport. However, looking at the situation of Islamabad Airport's outsourcing, the process seems complex and tricky.

Daily Pakistan Global Web Desk


US Dollar, Euro, Pound, Dirham, Riyal Rate in Pakistan Today Open Market Rates - 15 July 2024

Pakistani rupee rates against US Dollar and other currencies on July 15, 2024 (Monday) in open market.

USD to PKR Rate Today

US dollar was being quoted at 279.8 for buying and 280.75 for selling. Euro's buying rate moves up to 301.25 and selling rate is 303.15.

British Pound rate is 355.15 for buying, and 358.65 for selling. UAE Dirham AED was at 76.5 and Saudi Riyal lowered to 73.65.

Currency Rates Today

Source: Forex Association of Pakistan. (last update 08:00 AM)       
Currency Symbol Buying Selling
US Dollar USD 279.8 280.75
Euro EUR 301.25 303.15
UK Pound Sterling GBP 355.15 358.65
U.A.E Dirham AED 76.5 77.25
Saudi Riyal SAR 73.65 74.37
Australian Dollar AUD 184.55 186.35
Bahrain Dinar BHD 741 749
Canadian Dollar CAD 203.75 205.75
China Yuan CNY 38.35 38.75
Danish Krone DKK 40.05 40.45
Hong Kong Dollar HKD 35.7 36.05
Indian Rupee INR 3.33 3.43
Japanese Yen JPY 1.91 1.99
Kuwaiti Dinar KWD 908.25 917.35
Malaysian Ringgit MYR 58.95 59.75
New Zealand Dollar NZD 169.24 171.24
Norwegians Krone NOK 26.04 26.34
Omani Riyal OMR 722.87 730.89
Qatari Riyal QAR 76.39 77.09
Singapore Dollar SGD 202 204
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 309.15 311.65
Thai Bhat THB 7.5 7.65


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