PCB to invest its reserves to develop infrastructure: Ramiz Raja

The PCB, on Friday, announced a 77 percent rise in value of international series rights over the previous season

By Web Desk
May 14, 2022
Pakistan Cricket Board (PCB) chairman Ramiz Raja — PCB

KARACHI: Pakistan Cricket Board (PCB) chairman Ramiz Raja has announced that the board will use its reserves to develop infrastructure.

The PCB, Friday, said that TransGroup FZE won the highest offer for different partnership rights for the forthcoming international men's and women's home series during the 2022-23 season after a public bidding procedure.

The winning bid, which exceeded the PCB's reserve price, represented a 77 percent rise in value over the previous season.

After the improvement in the local cricket governing body's reserves, the PCB chairman took to Twitter and vowed to develop the facilities for the fans at stadiums.

"A 77% surge in partnership rights for bilateral Home Series for 22-23 season is great news for Pak Ckt [cricket]. Our reserves are at an historic high! Raja wrote.

"We will use part of those funds to develop infrastructure for fans. As a first, Khi [Karachi] and Pindi stadiums will have state of the art chairs," the former cricketer added.