The Pakistan Cricket Board (PCB) has approved an impressive overhaul of the Pakistan Super League (PSL), giving the world’s premier T20 tournament autonomy in terms of management and finances as part of key decisions taken at the 84th meeting of the PCB Board of Governors (BoG) in Lahore on Monday.According to PTI, the meeting, chaired by the Chairman of the PCB, Mohsin Naqvi, unanimously approved, which marks a major change in the management of the PSL, which has been directly managed by the PCB since its inception in 2016.
The PSL 12 budget was approved with financial reforms
The decision comes after several months of discussions about the financial management and management of the league. Despite accepting the PSL’s independence, the PCB has not made public the financial reports that have been analyzed for the last two seasons of the league. The council also approved the budget for the 12th edition of the PSL while preparing the remaining budget for the financial year 2026-27. However, the PCB did not disclose the financial details of the new budget.Chief Financial Officer Javed Murtaza gave an overview of the organization’s performance and financial status for the upcoming financial year to the members. In a bid to boost the Pakistan cricket team, the PCB increased the domestic cricket budget by Rs1 billion, taking the total from Rs3 billion to Rs4 billion.The organization also announced an increase in player salaries. Fees for players participating in the Quaid-e-Azam Trophy have been tripled from Rs30,000 to Rs100,000 per match, while reserve players will receive Rs50,000, up from Rs15,000.
A sum of 6.7 billion has been allocated to the stadium
The board also approved the provision of funds for the Women’s ODI and T20 tournaments, making 12 more cricket stadiums operational, providing resources for improving public services and setting the minimum wage for district employees at 42,000 rupees.An allocation of Rs 6.70 billion was also approved for infrastructure development, including the National Cricket Stadium in Karachi.