Sports

First season of Ramiz Raja’s pet project caused PCB massive losses

In the first season of the PJL, the PCB reportedly bore a loss of more than 990 million PKR while it earned only 190 million PKR a net loss of 800 million PKR, Samaa TV reported.

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Islamabad: Former Pakistan Cricket Board (PCB) chairman Ramiz Rajas pet project, the Pakistan Junior League (PJL), has nearly emptied the PCBs coffers, the media reported.

In the first season of the PJL, the PCB reportedly bore a loss of more than 990 million PKR while it earned only 190 million PKR a net loss of 800 million PKR, Samaa TV reported.

Of the money spent, a source said that more than 280 million PKR were spent only on the organisation of the event.

The fees paid to cricketers and supporting staff amounted to another 440.28 million PKR.

For their daily allowances, the PCB spent more than 20 million PKR, Samaa TV reported.

Moreover, for security, another 20 million PKR were spent.

Logistics guzzled another 140 million PKR.

The former chairman had also allocated 20 million PKR for emergency expenditures.

The source told that PCB management has decided to take action against former chairman and could discuss the case with the Federal Investigation Agency (FIA), Samaa TV reported.

This post was last modified on December 30, 2022 2:16 pm

Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

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