August 17, 2026
The Petroleum Division has withheld the results of an August 10 auction of locally produced LPG amid court challenges and political pressure. The bidding is estimated to push retail prices up 15 per cent ahead of winter.
The Pakistan Super League (PSL) Board meeting, chaired by Pakistan Cricket Board (PCB) Chairman Mohsin Naqvi, along with representatives of all eight PSL franchises, was held at the National Cricket Academy (NCA) in Lahore on January 16, 2026. — PCB LAHORE: Pakistan Cricket Board (PCB) chairman Mohsin Naqvi floated the idea of auctioning players during PSL 11 and urged the franchise owners to increase the players’ remuneration, sources said on Saturday. The PCB chairman suggested the auction model while presiding over a PSL Board meeting convened at the National Cricket Academy in Lahore on Friday. During the meeting, he suggested
Multan Sultans’ Michael Bracewell (third from right) celebrates taking a wicket with teammates during their PSL 10 match against Lahore Qalandars at the Multan Cricket Stadium in Multan on April 22, 2025. — PCB LAHORE: The Pakistan Cricket Board (PCB) has decided to auction the Pakistan Super League (PSL) franchise Multan Sultans because of a good price it secured in the recent auction of two new teams, sources said on Sunday. The board had, last month, announced that it would take over control of Multan Sultans due to the expiry of the ownership agreement on December 31, 2025. The sources,
The Pakistan Cricket Board (PCB) is set to auction the Pakistan Super League (PSL) franchise Multan Sultans, boosted by the strong valuations achieved in the recent sale of two new teams, sources told Geo Super on Sunday.The PCB announced last month that it will take over Multan Sultans after the franchise’s ownership agreement expires on December 31, 2025, after owner Ali Tareen decided to walk out. The board originally planned to operate the franchise for one season before auctioning it off in 2027.If implemented, the interim agreement was expected to save the PCB nearly $4 million as the board would
Pakistan Super League (PSL) Chief Executive Officer (CEO) Salman Naseer addresses a press conference at the National Bank Stadium in Karachi on October 29, 2025. – PCB Pakistan Super League (PSL) Chief Executive Officer (PSL) Salman Naseer has revealed that key changes are being considered for the upcoming 11th edition of the league, such as player auction, direct player signings and a possible increase in player purse. Speaking during a recent interview with Geo News program “Naya Pakistan”, Naseer explained that the initial discussions involved the five existing franchises, while further consultations are planned now that the two added teams
An undated photo of former Multan Sultans owner Ali Tareen. — Facebook/AliKhanTareenOfficial ISLAMABAD: Ali Tareen has decided not to take part in the upcoming Pakistan Super League franchise auction, pulling out as the tournament moves towards a major expansion with eight teams and 10 eligible bidders participating in the process. Tareen shared his decision for X, reflecting on his journey with the Multan Sultans and his deep connection with South Punjab. “After careful consideration, my family and I have decided not to participate in today’s PSL franchise auction,” Tareen wrote. He emphasized that his involvement with Multan Sultans was more
PCB chairman Mohsin Naqvi (left) and FKS owner Fawad Sarwar at the auction for the two new PSL teams at the Jinnah Convention Center in Islamabad on January 8, 2026. — PSL ISLAMABAD: FKS Group on Thursday bagged one of the two new Pakistan Super League (PSL) franchises after successfully bidding Rs1.75 billion in the league’s expansion auction. All 10 eligible bidders competed fiercely, submitting huge bids for the new team. The Fawad Sarwar-owned company emerged as the winner by bidding Rs 1.75 billion, successfully leading the auction and taking the helm of the new franchise. This marks the second
Successful bidders to select franchise team names from Rawalpindi, Hyderabad, Faisalabad, Gilgit, Muzaffarabad, Sialkot The Pakistan Cricket Board has shortlisted 10 bidders for the sale of two new HBL Pakistan Super League (PSL) franchise teams, which will now participate in the auction, scheduled for January 8. According to a PCB statement, published on X, the PCB Bid Committee has successfully completed the technical evaluation of the proposals submitted by interested parties for the sale of the two new HBL PSL franchises. A total of 12 proposals were received from bidders from around the world and scrutinized by the PCB Bid
Islamabad United’s Jason Holder (centre) celebrates with Colin Munro after the dismissal of Karachi Kings’ Aamir Jamal during their PSL 10 match at National Bank Stadium, Karachi, April 20, 2025. — PCB The Pakistan Cricket Board (PCB) has shortlisted 10 bidders for the second round of auction to sell the rights for two new Pakistan Super League (PSL) teams. In a statement issued on Saturday, the PCB said its tender committee has completed its technical evaluation of the proposal submitted by the bidders. “The PCB Tender Committee shortlists 10 Bidders who have successfully met the technical criteria and now enter
A Pakistan International Airlines (PIA) plane at Allama Iqbal International Airport in Lahore, Pakistan, January 29, 2024. — Reuters The representatives of the joint ventures met the CEO of PIA on Saturday. Bidders seek daily records from airline, commission. Retirement pensions are exempt from purchasers’ obligations. KARACHI: Ahead of the December 23 auction of Pakistan International Airlines (PIA), all four joint ventures have sought daily records from the national carrier’s management and the Privatization Commission, sources said Geo News on Tuesday. The privatization phase of the national airline has entered its final phase, the sources said, adding that officials of
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