Sports

ISLAMABAD – The Pakistan Cricket Board (PCB) has spent Rs 1.08 billion on the promotion of the sport in the last three years.

A report submitted to Parliament on Tuesday revealed the PCB’s income and expenditures over the past three years.

According to the report, the country’s cricket governing body generated a revenue of Rs 10.77 billion, giving the board a profit of Rs 9.69 billion.

Earlier this month, the board reviewed the audit report of the inaugural edition of the Pakistan Super League (PSL) held in 2016 at its governing board meeting. The audit report showed that the PCB had earned a profit of approximately $2.6 million and handed over $2 million to the five PSL franchises, leaving the board with $600,000 for itself.-APP