Islamabad Airport, PIA deal with Qatar challenged in LHC

Pakistan Aug, 27 2022
Islamabad Airport, PIA deal with Qatar challenged in LHC
  • 265
  • 0

KARACHI: Nabeel Javed Kahloon Advocate filed a petition in Lahore High Court against government of Pakistan through its secretary Cabinet Division and various other ministries and divisions to declare impugned deal of selling (51pc) of shares along with administrative control of Pakistan International Airlines along with Islamabad International Airport to Qatar investment as illegal unlawful in eyes of law.

Petitioner stated that Pakistan government has offered 51 percent operational control in PIA - Pakistan International Airlines along with Quaid-e-Azam International Airport, Islamabad to Qatar as reported in media. As part of deal, government also intends to offer 51 percent ownership of PIA-owned Roosevelt Hotel in New York to Qatar. Hotel, which closed in October 2020 due to financial constraints, is owned by PIA through its investment arm, PIA Investment Limited.

Proposals were finalized at a high-level government meeting ahead of a state visit by Pakistani Prime Minister Shehbaz Sharif to Qatar. Pakistan is expected to sell shares of Roosevelt Hotel in New York’s Manhattan to Qatar in return for Doha investment in aviation sector. Sources said that Qatar expressed interest in making investments in airport and hotel sectors.  It was learned that federal government will hand over administrative affairs of Islamabad International Airport to Qatar, whereas, Qatari company will provide relevant services of airport’s terminal and cargo. Sources said that Qatari government will be given shares of Roosevelt Hotel in New York’s Manhattan financial centre in return for investment.

Investment will be received through state-to-state agreements between Pakistan and Qatar.  Land of Islamabad Int’l Airport is worth around 4 trillion rupees excluding revenue being generated out of it.

While undertaking any such step, commercial potential of land may be kept in mind. As Pakistan International Airlines along with Pakistan Civil Aviation Authority are federal government entities, hence PPRA Rules are applicable to all financial transactions.  PPRA, rules shall apply to all procurements made by all procuring agencies of federal government whether within or outside Pakistan, whereas procuring agencies, while engaging in procurements, shall ensure that procurements are conducted in a fair and transparent manner, object of procurement brings value for money to agency and procurement process is efficient and economical. Supreme Court in 2014 SCMR 676 held that government projects involving public money, transactions involving public money must be made in a transparent manner for satisfaction of people. Court had duty to ensure that relevant laws were adhered to strictly to exhibit transparency, petitioner added.

Published in The Daily National Courier, August, 27 2022

Like Business on Facebook, follow @DailyNCourier on Twitter to stay informed and join in the conversation.

Nasir Mahmood
Nasir Mahmood https://www.dailynationalcourier.com/author/nasir-mahmood
Senior Journalist at Daily National Courier. Covering almost all beats including politics, current affairs, sports, metropolis for more than 45 years. Member of Karachi Press Club & KUJ.

NC Big Stories

Areej Chaudhary hopeful for Beauty of the World 2024 in China

Areej Chaudhary, a trailblazer in Pakistan’s pageantry scene, is set to represent her country once again on the international stage at the Beauty of the World 2024 pagea...

Train services from Quetta to other parts of country remain suspended

KARACHI: Train services from Quetta to other parts of country remain suspended for 21st consecutive day. Trains running from Quetta to major cities like Peshawar and Karachi h...

Polio cases surge in Balochistan linked to fake vaccinations

 QUETTA: Sudden rise in polio cases in Balochistan has been attributed to disturbing revelation that children are being falsely marked as vaccinated without receiving act...

Govt offers Rs10m bounty for katcha area dacoits

LAHORE: Following directives of Punjab Chief Minister Maryam Nawaz, Punjab government has announced bounty of Rs 10 million on heads of katcha area dacoits. Initiative is part...

More like this
Related

Russia to back Pakistan's bid for BRICS membership, says DPM Overchuk

ISLAMABAD: Russian Deputy Prime Minister Alexei Overchuk stated that Moscow supports Pakistan's inclusion in BRICS.  During joint press conference with Foreign Minister I...

Polio cases surge in Balochistan linked to fake vaccinations

 QUETTA: Sudden rise in polio cases in Balochistan has been attributed to disturbing revelation that children are being falsely marked as vaccinated without receiving act...

Govt offers Rs10m bounty for katcha area dacoits

LAHORE: Following directives of Punjab Chief Minister Maryam Nawaz, Punjab government has announced bounty of Rs 10 million on heads of katcha area dacoits. Initiative is part...

Teachings key to overcome challenges: President, PM

ISLAMABAD: President Asif Ali Zardari and Prime Minister Shehbaz Sharif in their separate messages on Eid Miladun Nabi (PBUH) urged nation to follow life and teachings of Prop...
Need Help? Chat with us