Pakistan starts airport operations outsourcing process
Pakistan has started a process to outsource operations at airports in Karachi, Islamabad and Lahore, the Ministry of Finance announced in a statement on Thursday.
The country’s three main international airports are located in these cities.
Pakistani Prime Minister Shahbaz Sharif made the decision at a meeting in December to do so, hoping to attract foreign direct investment into the country and provide better facilities for passengers. However, the decision could also be linked to Pakistan’s precarious financial situation, with just enough for a typical month of imports remaining in its foreign exchange reserves.
Pakistan’s foreign exchange reserves have fallen to less than $3 billion (about €2.7 billion), forcing the country to further tighten controls on imports of raw materials for the industrial sector. As a result, factories have been forced to close in recent weeks and people have been laid off.
Source: DW
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