According to specifics, a meeting about the privatization of Pakistan International Airlines (PIA) and the outsourcing of airports was presided over by Minister for Defence and Aviation Khawaja Muhammad Asif.
Prior to this, the federal government made the decision to contract out the three main airports in the nation—Karachi, Lahore, and Islamabad. A status report on the topic was presented to the conference by the International Finance Corporation (IFC).
Khawaja Muhammad Asif gave the order to call a virtual meeting of Pakistani ambassadors in these nations and request that they actively participate with interested parties.
In order to raise awareness of local investors and enable them to take part in the bidding process, he also recommended establishing connections between them and foreign investors.
Usman Akhtar Bajwa, the secretary of the Privatization Commission, briefed the minister on the marketing strategy and the first interactions with foreign investors.
The federal minister was instructed to travel to these nations in order to cultivate relationships with possible investors and introduce organizations that are interested in privatization to Pakistan.
Additionally, the minister promised to support both federal transactions.
Senior officers, the additional secretary of the ministry of foreign affairs, and the secretary of aviation were also present for the event.
