The federal cabinet on Tuesday (Aug 11) decided to carry out the necessary legislation in 90 days to outsource all major airports of the country to generate revenue and raise their standard to the international level.
The cabinet meeting, which was presided over by Prime Minister Imran Khan, was also informed that despite an adverse impact of coronavirus, the economic wheel had started turning and all indicators were showing an upward trend.
Although the issue of Pakistan-Saudi Arabia relations was not discussed in the meeting, Information Minister Shibli Faraz, in his post-cabinet meeting press conference, said “Pakistan has to watch its own interests”.
“We have to make the legislation to meet legal requirements as without it we cannot outsource our airports,” Mr Faraz said.
He said out of 27 airports, only Islamabad, Karachi, Lahore and Multan were running in profit whereas others were not generating revenue, mainly due to low air traffic.
Minister says majority of country’s airports running in loss; indicators point to upward economic trend
“The prime minister has given timelines to carry out reforms in all sectors; 90 days time has been given to amend Civil Aviation Authority (CAA) laws,” the minister said.
The meeting was told that drafts bills had already been prepared for legislation.