Islamabad: The foreign ministers of Pakistan, Turkey and Azerbaijan will meet in Islamabad today, Wednesday, for the second round of a trilateral conference between the three Muslim nations, Pakistan’s foreign ministry said.
The first round of the trilateral meeting was held in Baku in November 2017.
“Three sides will exchange views on global and regional issues, including new and emerging threats to regional peace and security, address challenges faced by the COVID-19 pandemic, environment and climate change and how to achieve economic development targets,” the foreign ministry said in a statement.
During the meeting, the foreign ministers will also explore possibilities on how to deepen trilateral cooperation in areas of common interest, including peace and security, trade and investment, science and technology, education and cultural cooperation.
“Pakistan, Azerbaijan and Turkey enjoy close fraternal relations based on common faith, values, culture and history; deeply embedded in mutual trust and understanding,” the statement read.
Turkish Foreign Minister Mevlut Cavusoglu arrived in Pakistan on Tuesday on a three-day visit. He is slated to meet the Pakistani prime minister, president, foreign minister and other dignitaries.
Pakistan, Turkey and Azerbaijan to hold trilateral moot in Islamabad today
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Pakistan, Turkey and Azerbaijan to hold trilateral moot in Islamabad today
- Foreign ministers to discuss trade, coronavirus, climate change and regional security
- The first round of the trilateral meeting was held in Baku in November 2017
Pakistan forms committee to negotiate financial advisory services for Islamabad airport privatization
- Committee to engage Asian Development Bank to negotiate terms of financial advisory services agreement, says privatization ministry
- Inaugurated in 2018, Islamabad airport has faced criticism over construction delays, poor facilities and operational inefficiencies
ISLAMABAD: Pakistan’s Privatization Ministry announced on Wednesday that it has formed a committee to engage the Asian Development Bank (ADB) to negotiate a potential financial advisory services agreement for the privatization of Islamabad International Airport.
The Islamabad International Airport, inaugurated in 2018 at a cost of over $1 billion, has faced criticism over construction delays, poor facilities, and operational inefficiencies.
The Negotiation Committee formed by the Privatization Commission will engage with the ADB to negotiate the terms of a potential Financial Advisory Services Agreement (FASA) for the airport’s privatization, the ministry said.
“The Negotiation Committee has been mandated to undertake negotiations and submit its recommendations to the Board for consideration and approval, in line with the applicable regulatory framework,” the Privatization Ministry said in a statement.
The ministry said Islamabad airport operations will be outsourced under a concession model through an open and competitive process to enhance its operational efficiency and improve service delivery standards.
Pakistan has recently sought to privatize or outsource management of several state-run enterprises under conditions agreed with the International Monetary Fund (IMF) as part of a $7 billion bailout approved in September last year.
Islamabad hopes outsourcing airport operations will bring operational expertise, enhance passenger experience and restore confidence in the aviation sector.
In December 2025, Pakistan’s government successfully privatized its national flag carrier Pakistan International Airlines (PIA), selling 75 percent of its stakes to a consortium led by the Arif Habib Group.
The group secured a 75 percent stake in the PIA for Rs135 billion ($482 million) after several rounds of bidding, valuing the airline at Rs180 billion ($643 million).
Pakistan’s Finance Minister Muhammad Aurangzeb said this week the government has handed over 26 state-owned enterprises to the Privatization Commission.
