The Economic Coordination Committee has approved the draft Transaction Advisory Agreement reached with the International Finance Corporation for outsourcing of three airports.

Finance Minister Ishaq Dar presided over the meeting.

It was informed that the outsourcing of three airports has been initiated within the scope of Public-Private Partnership Act-2017 to engage private investor through a competitive and transparent process to run the airports, develop appertaining land assets and enhance avenues for commercial activities and to garner full revenue potential.

The International Finance Corporation, a part of the World Bank Group, has been qualified as a transaction advisor.