Pakistani Council spokesman (PCB), Aamir Mir and Chief Financial Officer (CFO), Javed Murtaza, rejected the financial loss reports from the hospitality of Trophy Champions, stating that the tournament has contributed significantly to the revenue of the Board of Directors.
Speaking at a press conference, PCB representatives rejected the claims made to Indian media, arguing that the Board of Directors won 3 billion Rs from the event.
“All costs for the tournament were covered by the ICC,” Mir said. “PCB has generated revenue from gate money and ticket sales and after checking.
The spokesman said the original target of Rs 2 billion for PCBs would win the ICC Champions Trophy will be overcome.
Economic growth in the context of Mohsin Naqvi
Mir was credited to PCB President Mohsin Naqvi to improve the financial position of the Board of Directors, revealing that total revenue for the financial year 2023-24 reached 10 billion Rs-notes 40%.
“With this economic power, PCB ranks among the top three richest cricket councils in the world,” he said. “The board has also paid 40 million Rs in taxes.”
Murtaza also said that Mohsin Naqvi was vital to the revision of the specified objectives for use, presenting his participation in the process.
Stadium upgrades and future plans
Mir underlined the rapid renovation of the stages under Naqvi’s leadership, stating that PCB had completed significant upgrades in just four months. “After 29 years, a significant upgrade of the stadium was made, ensuring that the spaces meet international standards,” he said.
Murtaza provided more details on PCB’s financial investment, confirming that the stadium upgrades budget was set to 18 billion PKRs.
“For the first phase, 12 billion Rs were allocated, with the 10.5 billion Rs already used,” he said. “The remaining chapters will be used to further improve them and other stadiums.”
He reiterated that the PCB in the next phase intends to improve the stadiums in Karachi, Faisalabad and Rawalpindi.
Compensation of domestic players and clarification of ICC
Facing concerns about domestic players’ profits, Mir confirmed that Naqvi had reversed the decision to reduce their salaries.
In the absence of PCB from the final stage of ICC’s Trophy Champions, officials said they were expecting a complete explanation from the ICC.
The PCB also announced that all the financial data related to the profits and costs of the tournament will be published on its website for transparency.
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