Business
Govt eyes speedy outsourcing of major airports
ISLAMABAD: The government is seeking expedited outsourcing of Islamabad, Lahore and Karachi airports and implementation of other G2G-based projects worth Rs29 billion with friendly countries like Saudi Arabia, Qatar, Kuwait and Azerbaijan to show the tangible output of the Special Investment Facilitation Council (SIFC).
To speed up implementation, Planning Minister Ahsan Iqbal presided over a review meeting of the Public-Private Partnership Authority (P3A) to evaluate progress on 13 directives issued by the prime minister for the completion of key public interest projects being processed through SIFC, a civil-military forum created for the effectiveness of government functioning, particularly towards the promotion of foreign investment from friendly countries.
The minister directed the SIFC secretary to prepare a focused agenda to review the timelines of Rs29bn worth of projects signed with Saudi Arabia, Qatar, Kuwait, and Azerbaijan. Another meeting will be called early next week to remove irritants and facilitate speedy project implementation.
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