Breaking News

Islamabad International Airport to be Outsourced for 15 Years

Islamabad International Airport to be Outsourced for 15 Years

Following Shehbaz Sharif’s prime ministership, a new decision has been made to entrust the operation of Islamabad International Airport to a different company for a 15-year span. The selected company will provide the government with an upfront payment of $100 million, contingent on their adherence to stipulated regulations; failure to comply will result in the termination of the agreement.

This course of action was endorsed by the Ministry of Finance during Anwarul Haq Kakar’s interim prime ministership.

Read more : Big news for Islamabad Airport.

While specific details remain forthcoming, the appointed company will manage the airport’s operations, financial aspects, and aesthetics. Their responsibilities will encompass matters such as retail pricing, currency exchange rates, and store rental charges within the airport premises. However, essential functions like airport security, customs, and immigration will continue to fall under the jurisdiction of the Civil Aviation Authority (CAA).

It appears that the chosen company may also have the potential to construct shopping malls and renowned brand outlets within the airport premises.