Pakistan sells Multan Sultans for record $8.7 million ahead of PSL 11th edition

Multan Sultans' players celebrate after the dismissal of Peshawar Zalmi's Saim Ayub (not pictured) during the Pakistan Super League (PSL) Qualifier Twenty20 cricket match between Multan Sultans and Peshawar Zalmi at the National Stadium in Karachi on March 14, 2024. (AFP/ file)
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Updated 09 February 2026
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Pakistan sells Multan Sultans for record $8.7 million ahead of PSL 11th edition

  • New owner Walee Technologies plans to change franchise’s name to Rawalpindi
  • PCB chairman says ‘Multan Sultans still dear to my heart, will think of something’

ISLAMABAD: The Pakistan Cricket Board (PCB) on Monday sold Pakistan Super League (PSL) franchise Multan Sultans for a record Rs2.45 billion ($8.7 million), ahead of the 11th edition of the Twenty20 tournament.

The 11th edition of the tournament will kick off on March 26, the Pakistan Cricket Board (PCB) announced on Friday, which will feature eight franchises competing across multiple venues.

The previous owner of Multan Sultans, Ali Tareen, announced in Dec. he was walking away from the ownership of the franchise. The PCB said earlier said it will run the Multan Sultans team for the 11th edition before looking for a potential buyer.

Walee Technologies, which specializes in media, finance and technology, bought the rights for the franchise for $8.7 million at an auction held in Lahore, with local media reporting the new owner planned to change its name to Rawalpindi.

“I cannot ask the person paying Rs2.45bn to keep the name Multan Sultans,” Naqvi told reporters after the auction. “Multan Sultans is still dear to my heart, but we will think of something.”

Walee Technologies was among five bidders that participated in the auction, which came a month after Hyderabad and Sialkot joined the PSL 11th edition.

FKS, an aviation and health care conglomerate based in the US who also run the Chicago Kingsmen team, bought the Hyderabad franchise for a whopping Rs1.75 billion ($6.2 million). The other winner was OZ

Developers, a real estate consortium, which bought the Sialkot franchise for Rs1.85 billion ($6.55 million) at the auction.

The PSL has become a key pillar of the country’s cricket economy, providing financial stability to the PCB and serving as a talent pipeline for the national team.

The league, which features a mix of local and international players, already had six city-based teams, including Karachi Kings, Multan Sultans, Lahore Qalandars, Islamabad United, Peshawar Zalmi and Quetta Gladiators.


Pakistan says Afghanistan operation targeting only militants

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Pakistan says Afghanistan operation targeting only militants

  • Both countries claim to have inflicted heavy battlefield losses on the other since the clashes began on Feb. 26
  • Islamabad has been bombing areas it says harbor ‘militant targets’ in Afghanistan, an allegation Kabul has denied

ISLAMABAD: Pakistan’s Information Minister Ataullah Tarar has said that no civilian areas were targeted in the ongoing Afghanistan operation and Pakistani strikes were solely aimed at militant infrastructure and support networks, his office said on Monday.

The statement came after the Afghan Taliban government and the United Nations mission in Kabul accused Pakistan of targeting civilian areas during the ongoing operation, “Ghazab Lil Haq,” or the “Wrath for Truth.”

Clashes between the countries began on Feb. 26, when Afghan forces launched an attack on Pakistani military along their shared border in retaliation for Pakistan’s earlier airstrikes on what Islamabad said were militant camps inside Afghanistan.
In a conversation with foreign media correspondents, Tarar said that Pakistan was taking action inside Afghanistan based on “accurate” intelligence information.

“Pakistan has not targeted any civilian area in Afghanistan,” he was quoted as saying by his ministry. “Pakistan is only targeting the infrastructure of terrorists and their support system.”

The minister denied reports of civilian deaths, saying the UN agency was “completely dependent on the Taliban government” for information. The UN rights chief said Friday that 56 Afghan civilians had been killed, nearly half of them children, since the hostilities began.

Tarar also dismissed as “just propaganda” the claims made by an Afghan defense ministry spokesperson about inflicting battlefield losses on Pakistan. Tarar said on Sunday that 583 Afghan Taliban fighters had so far been killed in Pakistani strikes, a claim difficult to verify independently.

Islamabad has long accused Kabul of sheltering militant groups, including the Pakistani Taliban, or the Tehreek-e-Taliban Pakistan, and facilitating attacks against Pakistan. Afghanistan denies the allegations and says Islamabad’s security challenges are an internal matter.

Afghanistan has called for dialogue to resolve the conflict. Pakistan, however, has rejected talks, saying the operation will continue until its objectives are met.

“There is a nexus between the Afghan Taliban government and several terrorist organizations operating from Afghan soil,” Tarar added.