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,…
The Privatisation Commission has recently approved the appointment of a financial adviser to oversee the outsourcing of Lahore and Karachi airports. The commission's board of directors unanimously approved a consortium led by EY-Parthenon as the leading candidate for the position. This decision comes after the commission appointed the Manila-based Asian Development Bank (ADB) as the financial and transaction adviser for the Islamabad International Airport's privatization last month.
The Privatisation Commission is currently in the process of appointing financial advisers for the privatization of the Lahore Electric Supply Company (Lesco) and Multan Electric Power Company (Mepco), which are part of the fourth batch of power distribution companies (Discos) being considered for privatization. The process for the remaining three batches of Discos is already underway, with Faisalabad Electric, the first Disco in the first batch, attracting a significant number of local and international investors.
The deadline for submitting expressions of interest for the remaining two Discos in the first batch is approaching in two months.
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