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PSL 2017: Proposal of including 6th team turned down

02:12 PM | 18 May, 2016
PSL 2017: Proposal of including 6th team turned down
ISLAMABAD (Staff Report) - The proposal to add a sixth team in the second edition of the Pakistan Super League (PSL) was collectively turned down by franchisees and the Pakistan Cricket Board (PCB) on Tuesday.

The PCB and owners of the five PSL franchise met in Lahore to discuss the possibility of adding a sixth team in the 2017 edition, the Online News Agency reported.

Kashmir would have been the sixth PSL franchise had the proposal gone through.

However, the franchises argued against the inclusion of a sixth team, saying that they want to grow their fan base and want more time to obtain returns on their investment.

Thus, it was decided that the second edition will be conducted with five teams, the same number of teams in the previous edition of the PSL.

Franchises also collectively turned down the offer of sponsoring regional teams made to them by the PCB, since the consensus was to consolidate PSL first.

Earlier, PSL chairman Najam Sethi had said that the addition of Kashmir as the sixth team in the second edition of the event may face a few hurdles.

The writer is a member of the staff.

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PKR rate against US Dollar, Euro, Pound, Riyal - Check 16 April forex rates

Pakistani currency gains momentum against all currencies on April 16, 2024 Tuesday. US dollar was being quoted at 277.9 for buying and 280.85 for selling.

Euro was quoted at 295 for buying and 298 for selling while British Pound stands at 345 for buying, and 349 for selling.

UAE Dirham AED was at 75.4 and Saudi Riyal's new rates was at 73.30. 

Today’s currency exchange rates in Pakistan - 15 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.9 280.85
Euro EUR 295 298
UK Pound Sterling GBP 345 349
U.A.E Dirham AED 75.45 76.2
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 182.7 184.5
Bahrain Dinar BHD 739.38 747.38
Canadian Dollar CAD 204 206.2
China Yuan CNY 38.45 38.85
Danish Krone DKK 40.45 40.85
Hong Kong Dollar HKD 35.57 35.92
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.91 912.91
Malaysian Ringgit MYR 58.92 59.52
New Zealand Dollar NZD 167.63 169.63
Norwegians Krone NOK 25.38 25.68
Omani Riyal OMR 722.1 730.1
Qatari Riyal QAR 76.35 77.05
Singapore Dollar SGD 206 208
Swedish Korona SEK 25.72 26.02
Swiss Franc CHF 307.11 309.61
Thai Bhat THB 7.61 7.76

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