The deal also sees Karachi receive Lahore's first Gold category pick in exchange for the former's fifth pick.
Sohail Khan was the leading bowler in PSL season 2 with 16 wickets to his name in nine matches, whereas Muhammad Rizwan grabbed five catches, two stumpings in seven outings and also contributed 130 runs, with a highest score of an unbeaten 46.
The swap comes days after the blockbuster trade involving Shahid Afridi, who joined the Kings after two years with Peshawar Zalmis.
Peshawar Zalmi owner Javed Afridi, while acknowledging the efforts of his team's former captain, said: “Shahid is a world-class player and the entire Peshawar Zalmi family thanks him for his contributions to our team. He is like a brother and we wish him the very best of luck in this new journey.”
Karachi Kings owner Salman Iqbal, meanwhile, expressed his delight at the conclusion of the deal. “Shahid Afridi is the biggest name in Pakistan cricket and we are extremely pleased to have him on board,” said Iqbal. “Afridi brings a wealth of experience and a never-say-die attitude to our dressing room. The players will surely get benefit out of him.”
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