PC Board advances airport outsourcing, LESCO, MEPCO privatisation
The Privatisation Commission (PC) Board on Tuesday approved key steps for outsourcing Lahore’s Allama Iqbal International Airport (AIIAP) and Karachi’s Jinnah International Airport (JIAP), besides advancing the privatisation of Lahore Electric Supply Company (LESCO) and Multan Electric Power Company (MEPCO). The decisions were taken at the 257th meeting of the PC Board, chaired by Adviser to the…
The Privatisation Commission Board approved pivotal measures for outsourcing two major airports and advancing the privatization of two electric supply companies on Tuesday. At the 257th meeting chaired by Prime Minister's adviser Muhammad Ali, the board selected the EY-Parthenon-led consortium as the preferred bidder for financial advisory services in outsourcing Lahore's Allama Iqbal International Airport and Karachi's Jinnah International Airport.
A negotiation committee was also formed to finalize the Financial Advisory Services Agreement. Additionally, the PC Board designated Lahore Electric Supply Company and Multan Electric Power Company as significant transactions, initiating the process to appoint financial advisers under the relevant regulations. These two power distribution companies form the fourth group of distribution companies earmarked for privatization, with earlier batches already underway.
The Privatisation Commission remains committed to executing the government's privatization program transparently, competitively, and professionally, prioritizing accountability and maximizing value for Pakistan's government and citizens.
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