Overview
- The PCB confirmed Karachi Kings and Islamabad United have renewed for the next decade, joining Lahore Qalandars, Peshawar Zalmi and Quetta Gladiators.
- The agreements follow an independent franchise valuation by EY that underpins materially higher fees for the new 10-year term.
- Reporting indicates revised annual fees of about PKR 67 crore for Lahore, 64 crore for Karachi, 49 crore for Peshawar, 48 crore for Islamabad and 34 crore for Quetta.
- Coverage says incumbent owners are renewing on a discounted formula that uses their previous fee plus 25% of the new valuation rather than the full market price.
- The PCB has moved franchise transactions to Pakistani rupees and scheduled a two-team auction for January 6, 2026 from a six-city shortlist, while Multan Sultans’ status remains unresolved following a public dispute with the board.