Rs3.6b Auction Ushers HBL PSL in New Era

Rs3.6b auction ushers HBL PSL in new era

History was made on Thursday as the HBL Pakistan Super League (PSL) entered a decisive new phase, with two new franchises sold for a combined Rs3.6 billion in a record-breaking auction, confirming the league's expansion to eight teams from its 11th edition. The high-profile auction, organised by the Pakistan Cricket Board (PSC) at the Jinnah Convention Centre, attracted intense interest from leading local and international corporate groups, unde…

International firms’ participation in PSL teams’ auction to promote foreign investment in country: PM

Prime Minister Muhammad Shehbaz Sharif on Friday welcomed the participation of international firms in the auction for the two new franchises of the Pakistan Super League (PSL), stating that it would help promote foreign investment in the country. He said overseas Pakistanis were playing a critical role in the nation’s development. The prime minister was speaking to representatives of the two firms that won the franchise bids. Hamza Majeed of the…