Pakistan has approved a deal to transfer the management of Islamabad International Airport to the United Arab Emirates (UAE), a move signaling Islamabad’s growing...

Pakistan has approved a deal to transfer the management of Islamabad International Airport to the United Arab Emirates (UAE), a move signaling Islamabad’s growing reliance on foreign partners to revamp struggling state-run enterprises. The decision came on Thursday at a Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) meeting, chaired by Deputy Prime Minister Ishaq Dar. The agreement will be executed under a government-to-government (G2G) framework, ensuring direct state-level negotiations rather than an open bidding process. Negotiation Team to Define Terms A special negotiation committee, led by the prime minister’s adviser on privatisation, has been tasked with finalizing operational and financial terms. The panel will work closely with the defence, finance, law, and privatisation ministries to ensure regulatory compliance...

Pakistan has approved a deal to transfer the management of Islamabad International Airport to the United Arab Emirates (UAE), a move signaling Islamabad’s growing reliance on foreign partners to revamp struggling state-run enterprises. The decision came on Thursday at a Cabinet Committee on Inter-Governmental Commercial Transactions (CCoIGCT) meeting, chaired by Deputy Prime Minister Ishaq Dar. The agreement will be executed under a government-to-government (G2G) framework, ensuring direct state-level negotiations rather than an open bidding process. Negotiation Team to Define Terms A special negotiation committee, led by the prime minister’s adviser on privatisation, has been tasked with finalizing operational and financial terms. The panel will work closely with the defence, finance, law, and privatisation ministries to ensure regulatory compliance...