Pakistan Super League: Draft pick order decided, logo launched
Islamabad wins first pick followed by Karachi, Peshawar, Quetta and Lahore
PHOTO COURTESY: PSL/TWITTER
Islamabad won the first pick on Tuesday in the Pakistan Super League (PSL) players’ draft followed by Karachi, Peshawar, Quetta and Lahore.
The five team owners gathered for the second day of the workshop to be briefed about the details of the lucrative league which will be played in the UAE from February 4 till 23.
Meanwhile, PSL’s logo launch ceremony also took place on Tuesday. The logo has now incorporated the title sponsor Habib Bank Limited (HBL) insignia in it.
Speaking on the occasion, HBL Chief Marketing Officer Naveed Asghar said that this is the opportunity to make a mark in the world and as a country we ought to benefit from this league.
PSL chief Najam Sethi said it was an honour to partner with HBL as sponsors for the league.
PSL brand ambassador Ramiz Raja was also present in the ceremony. He said that the league provides the country with an opportunity to showcase sporting and management talent.
PSL franchises unhappy with govt’s tax-tics
PSL franchise owners expressed their unhappiness at the 26% tax levied on their final bids, conveying their reservations to the PSL governing council.
All franchises who have accounts in Pakistan will have to pay 10% income tax along with a 16% goods and services tax to the Punjab government due to the Pakistan Cricket Board (PCB) headquarters being in Lahore; inflating expenses further for these new clubs.
While a loophole allows the franchise owners to receive exemption from these taxes if they register a company in the UAE, the respective companies have asked the PSL governing council and the PCB to take up the issue on their behalf and see if any exemption can be received.
“PSL officials contacted Finance Minister Ishaq Dar regarding an exemption for the first five years due to the project being in its infancy but the proposal was turned down,” a PSL official told The Express Tribune. “We hope they revisit the decision because it could have serious consequences on the PSL.”
Icon players revealed
Pakistan all-rounders Shahid Afridi and Shoaib Malik, along with West Indies opener Chris Gayle, England middle-order batsman Kevin Pietersen and Australian all-rounder Shane Watson have been selected as the five icon players.
The teams will buy one icon player each, who will be fetching $200,000.
The five icons will be followed by 25 players in the Platinum category, who will be receiving $140,000.
The other categories are Diamond ($70,000), Gold ($50,000), Silver ($25,000) and Emerging ($10,000).
PSL worryingly behind schedule
The players who are not selected in their current categories will be demoted a step down, so any Platinum player left will automatically become a Diamond player and will then cost $70,000.
The five team owners gathered for the second day of the workshop to be briefed about the details of the lucrative league which will be played in the UAE from February 4 till 23.
Meanwhile, PSL’s logo launch ceremony also took place on Tuesday. The logo has now incorporated the title sponsor Habib Bank Limited (HBL) insignia in it.
Speaking on the occasion, HBL Chief Marketing Officer Naveed Asghar said that this is the opportunity to make a mark in the world and as a country we ought to benefit from this league.
PSL chief Najam Sethi said it was an honour to partner with HBL as sponsors for the league.
PSL brand ambassador Ramiz Raja was also present in the ceremony. He said that the league provides the country with an opportunity to showcase sporting and management talent.
PSL franchises unhappy with govt’s tax-tics
PSL franchise owners expressed their unhappiness at the 26% tax levied on their final bids, conveying their reservations to the PSL governing council.
All franchises who have accounts in Pakistan will have to pay 10% income tax along with a 16% goods and services tax to the Punjab government due to the Pakistan Cricket Board (PCB) headquarters being in Lahore; inflating expenses further for these new clubs.
While a loophole allows the franchise owners to receive exemption from these taxes if they register a company in the UAE, the respective companies have asked the PSL governing council and the PCB to take up the issue on their behalf and see if any exemption can be received.
“PSL officials contacted Finance Minister Ishaq Dar regarding an exemption for the first five years due to the project being in its infancy but the proposal was turned down,” a PSL official told The Express Tribune. “We hope they revisit the decision because it could have serious consequences on the PSL.”
Icon players revealed
Pakistan all-rounders Shahid Afridi and Shoaib Malik, along with West Indies opener Chris Gayle, England middle-order batsman Kevin Pietersen and Australian all-rounder Shane Watson have been selected as the five icon players.
The teams will buy one icon player each, who will be fetching $200,000.
The five icons will be followed by 25 players in the Platinum category, who will be receiving $140,000.
The other categories are Diamond ($70,000), Gold ($50,000), Silver ($25,000) and Emerging ($10,000).
PSL worryingly behind schedule
The players who are not selected in their current categories will be demoted a step down, so any Platinum player left will automatically become a Diamond player and will then cost $70,000.