This refers to the news item ‘Govt moves ahead with outsourcing of three key airports’ (March 31, 2023). The three airports in question are profitable and provide huge revenues to the Civil Aviation Authority. The facilities may not be comparable with world class airports, but they are of a reasonably good standard. The airports mainly serve Pakistani citizens and the overseas Pakistanis. Hardly any foreign tourists or businessmen travel to Pakistan owing to the country’s negative image.
The outsourcing is unlikely to generate higher revenues. The revenue collection would be in rupees while the agreed management fee of the international operator would be repatriated in dollars, thereby denting the already meagre SBP reserves. Currently, millions of dollars in profits and dividends of foreign companies are stuck with the State Bank due to the dollar crisis. Why exacerbate this problem?
Arif Majeed
Karachi
Imran Khan has been imprisoned for about 17 months now and is facing multiple charges. Ever since his indictment and...
As the climate crisis intensifies in Pakistan, the suffering is not confined to the environment. The destruction of...
This past Sunday , we celebrated the 85th anniversary of the Lahore Resolution, which gave a practical shape to the...
The parking crisis in Saddar, Karachi remains a significant concern, exacerbated by high traffic density,...
The tragic death of a man and his pregnant wife in the Malir area of Karachi on Monday after a collision with a water...
I would like to remind Imran Khan that while he and his party workers are in jail, some PTI MNAs appear to be getting...
