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 approved the appointment of a financial adviser for the outsourcing of Lahore and Karachi airports. The consortium led by EY-Parthenon has been selected as the top-ranked interested party for this role. Additionally, the commission has appointed the Asian Development Bank (ADB) as the financial and transaction adviser for the outsourcing of New Islamabad International Airport.
The commission also took up the privatisation of Lahore Electric Supply Company (Lesco) and Multan Electric Power Company (Mepco) as major transactions, necessitating the appointment of financial advisers. These four power distribution companies (Discos) are part of the fourth batch identified for privatisation by the government, with the earlier three batches already at various stages of the process.
Brief written by urgent.news from Dawn's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
