Islamabad Airport to be outsourced to Turkish Consortium for 15 years

 The Pakistan Airports Authority has approved outsourcing the management control of Islamabad International Airport to a Turkish consortium, TERG, for 15 years, a major development in the country’s aviation sector.

The decision was finalized in a meeting of the board of directors chaired by Secretary Aviation Ahsan Mangi. 

The Turkish consortium’s bid, which offers 47.25 per cent of the project cost, was approved by the board. Sources in the aviation ministry confirmed that the next step involves seeking the approval of the federal cabinet to formalize the agreement.

The move is part of a broader strategy to enhance operational efficiency at Pakistan’s airports.

The government is also considering outsourcing the management of Karachi and Lahore airports in the near future.

Pakistan is also looking to offload a 60pc stake in debt-ridden airline PIA to raise funds and reform state-owned enterprises as envisaged under a $7 billion International Monetary Fund programme.

A failed attempt to privatise the national flag carrier in October also received a single offer well below the asking price