LAHORE, : Foreign exchange reserves are decreasing in the country, however Pakistan Cricket Board sources claim that the Pakistan Super League will start on February 13 in Multan as per the program. According to the national newspaper Jang, the Pakistan Cricket Board needs 4 to 5 million dollars in foreign exchange for the Pakistan Super League. However, the Pakistan Cricket Board already has approval from the Ministry of Finance to pay foreign players, broadcast crew and others in dollars.
PCB pays the foreign players themselves. A senior official of the board said on condition of anonymity that there is no foreign exchange issue, there is no risk to PSL. PCB officials are in direct contact with the Finance Ministry in this regard, and Finance Minister Ishaq Dar has also given assurances regarding the Pakistan Super League.
Sources say that there is no threat to the Pakistan Super League after the assurance on the exchange rate.
However, the impact of the bad economy is also affecting the Pakistan Super League and 6 franchises are facing difficulties in getting sponsors for their teams. Sources say that in the first 6 editions of PSL, the franchise had less space to put the logo of the sponsor, but this time the situation is different and when the franchise is contacting for sponsorship, they are getting negative response from many places. I’m getting
The marketing teams of the franchise are still busy trying to get more sponsors. Many Pakistani players are currently participating in the Premier League against Bangladesh and these players have been issued NOCs by PCB with the permission of the franchise. However, the PCB has instructed all the players to return to Pakistan at least 10 days before the start of the tournament, thus these players will miss some matches of the league. Team camps will be held in Pakistan and sponsors of PSL teams want to shoot commercials of big players.
Reference Link: https://pipanews.com/bad-economy-shortage-of-dollars-finance-ministers-assurance-to-pcb-that-psl-will-not-be-affected-pipa-news/
