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The Pakistan Cricket Board (PCB) has officially transitioned all financial transactions with PSL franchises from dollars to Pakistani rupees, aiming to eliminate the risks associated with currency fluctuations that have affected franchise finances for nearly a decade.
When the league launched in 2016, contracts were dollar-denominated, Lahore Qalandars’ annual franchise fee, for example, was USD 2.5 million per year, or PKR 26.5 crore at the 105 PKR/USD rate. By 2019, rising exchange rates increased this to PKR 43.75 crore, prompting the PCB to cap the rate at PKR 175 per dollar, even as the actual rate rose to PKR 281.
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