Search form

You are here

  • Home
  • Pakistan says 12 parties have filed bids for two new PSL franchises


Pakistan says 12 parties have filed bids for two new PSL franchises

A cut-out of an Australian cricketer, Shane Watson, is displayed along the roadside in Karachi, Pakistan, on February 15, 2020. (AP/File)
Short Url

https://arab.news/jenmj

Updated 24 December 2025
Follow

Pakistan says 12 parties have filed bids for two new PSL franchises

  • This year’s Pakistan Super League tournament will feature two new franchises to existing roster of six
  • Pakistan Cricket Board says bidders hail from countries such as Australia, Canada, US, UAE, Pakistan
Updated 24 December 2025
Arab News Pakistan

ISLAMABAD: The Pakistan Cricket Board (PCB) announced on Wednesday that it has received bids from 12 interested parties for two new franchises of the Pakistan Super League (PSL) tournament, saying the development reflects the league’s commercial appeal. 

The 11th edition of this year’s PSL will be held from Mar. 26 to May 11, with the PCB announcing that two new teams will be part of the tournament this time. 

Pakistan held roadshows earlier this month in London and New York to invite investors from around the world to bid for the two new franchises. The PCB allowed interested parties to bid for the new franchises till Dec. 22.

“The Pakistan Cricket Board has announced an exceptional and encouraging response to the tender issued for the sale of two new franchises of the HBL Pakistan Super League (PSL),” the PCB said in a statement. 

“Within the stipulated deadline, 12 parties have formally submitted their bids.”

The bidders belong to five continents, including the US, Australia, Canada, the UAE and Pakistan, adding that it “clearly reflects the PSL’s growing global popularity and commercial appeal.”

The PCB said that the results of the current phase of the bidding process will be announced on Dec. 27, adding that in the next stage, technically qualified bidders will have the opportunity to buy the two new teams through an open competition bidding process. 

This bidding process will be held on Jan. 8, the board clarified. 

“The Pakistan Cricket Board is committed to completing this process in a transparent and competitive manner in line with international standards, to ensure the continued expansion and growth of the HBL Pakistan Super League,” it concluded. 

The PSL is Pakistan’s premier T20 cricket league that features a mix of local and international players and coaches. It features six teams, each named after a Pakistani city. 

With a little over 10 years since it was launched, the PSL has attracted praise from cricket experts and analysts worldwide and competed for viewership with prominent cricket leagues around the world such as the Big Bash League, Caribbean Premier League, Indian Premier League and others.

Topics: PSL Pakistan Super League (PSL) PCB

Pakistan forecasts inflation to remain in moderate 5.5-6.5 percent range

Updated 10 sec ago
Follow

Pakistan forecasts inflation to remain in moderate 5.5-6.5 percent range

  • Finance Division report says robust remittance inflows, steady performance of IT, service sectors to cushion external pressures
  • Consumer inflation in Pakistan has significantly reduced over the years when it surged to a record high of 38 percent in May 2023
Updated 10 sec ago
Arab News Pakistan

ISLAMABAD: Inflation is expected to remain in the moderate range of 5.5 to 6.5 percent for December, the Finance Division said in its Monthly Economic Outlook report on Wednesday. 

Pakistan reported inflation at 6.1 percent on a year-on-year basis in November as compared to 6.2 percent in October. Pakistan’s inflation rate rose to a record high of 38 percent in May 2023 on account of surging food and fuel costs as Islamabad scrapped subsidies as part of a financial deal agreed with the International Monetary Fund (IMF). 

“Inflation is projected to remain moderate, in the range of 5.5-6.5 percent in December, primarily reflecting base effect,” the report said. 

The Finance Division’s report said Pakistan’s economic outlook remains “positive,” driven by sustained growth in industrial activity due to continued momentum in textiles, automobiles, cement and food processing sectors. 

“Robust remittance inflows and steady performance in IT and services exports are likely to cushion external pressures,” the report said. 

The report said Pakistan’s current account recorded a surplus of $100 million while it posted a deficit of $812 million during the July-November period.

It said remittances increased by 9.3 percent to $16.1 billion in November, led by inflows from Saudi Arabia (24.2 percent) and the UAE (20.8 percent), while the net foreign direct investment inflows were recorded at $927.4 million during the same July to November period. 

It said Pakistan’s fiscal consolidation is expected to continue supporting macroeconomic stability, with government efforts in expenditure management, enhanced tax collection and structural reforms contributing to sustainable growth. 

“Overall, Pakistan’s economy is projected to maintain its positive momentum in the coming months, driven by industrial growth, improved governance, digitalization, and prudent macroeconomic management,” the report said.

Topics: inflation in Pakistan

Latest updates

Pakistan forecasts inflation to remain in moderate 5.5-6.5 percent range
PTCL completes $400 million acquisition of Telenor Pakistan
Hong Kong rings in 2026 without fireworks after deadliest blaze in decades
Pakistan police tighten New Year’s Eve security in capital, warn of jail time for aerial firing
Pakistan’s deputy PM to travel to China for strategic talks slated for Jan. 4

Search form

Print Edition
Read pdf version Subscribe now
© 2025 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement.