11/08/2026
Islamabad Technopolis moves closer to development.
At its 44th meeting, the Board of the Public Private Partnership Authority chaired by Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairperson, P3A Board approved Project Development Facility (PDF) support for the Islamabad Technopolis Project, enabling its development in PPP mode through the appointment of a quality Transaction Advisor.
Technopolis is envisioned as a world-class, purpose-built technology park in Islamabad: a platform for technology exports, innovation, skilled employment and technology transfer, structured to attract private sector investment.
STZA acknowledges P3A’s continued support in taking the project forward.
P3A Board Approves Key PPP Initiatives at its 44th Meeting
The 44th meeting of the Board of the Public Private Partnership Authority (P3A), chaired by Mr. Muhammad Ali, Adviser to the Prime Minister on Privatisation and Chairperson, P3A Board, was held today in Islamabad.
The Board approved a number of important initiatives to advance priority PPP projects:
🔹 Islamabad Technopolis Project – STZA: The Board approved Project Development Facility (PDF) support to enable development of the project in PPP mode through a quality Transaction Advisor. The project aims to establish a world-class, purpose-built technology park in Islamabad, promoting technology exports, innovation, skilled employment and technology transfer, while attracting private sector investment. P3A will provide continued support in taking the project forward.
🔹 M-10 Karachi–Hyderabad Motorway – NHA: The Board approved the direct contracting of an International Financial Institution (IFI) as Transaction Advisor. The project is expected to strengthen Karachi–Hyderabad connectivity, improve access to markets and facilitate port-bound freight, supporting trade and economic activity.
🔹 Guru Nanak Expressway – NHA: The Board also approved direct contracting of an IFI as Transaction Advisor. The project will strengthen connectivity to Kartarpur, while supporting opportunities in religious tourism, hospitality and related commercial development.
For both NHA projects, the IFIs will support the review and optimisation of existing studies, development of bankable commercial structures and engagement with qualified investors. P3A will remain actively engaged in project preparation and structuring and in facilitating their progression towards commercial and financial close.
The Board also discussed the commercial development of Pakistan Railways’ prime properties through REDAMCO, beginning with a pilot Karachi cluster, aimed at unlocking the potential of these assets through private sector participation and generating sustainable long-term revenue.
A strategic consultation session was also held on the future direction of P3A, focusing on stronger government ownership and commitment to PPP projects, strengthening P3A’s institutional role, prioritising projects based on national needs, market appetite and readiness, and developing a smaller, better-prepared and more credible PPP pipeline.
Mr. Muhammad Ali emphasised P3A’s role in converting opportunities into bankable PPP projects and supporting implementing agencies in taking priority projects towards commercial and financial close. He underscored that clear sector priorities, stronger project preparation and a credible pipeline will be critical to building momentum in Pakistan’s PPP programme and translating opportunities into tangible investment and infrastructure outcomes.
