By Zainab Shafiq 
The Pakistan Cricket Board (PCB) has firmly dismissed reports of financial losses from hosting the ICC Champions Trophy, countering claims with robust figures that highlight the tournament’s significant contribution to the board’s coffers. At a press conference held in Lahore, PCB spokesperson Aamir Mir and Chief Financial Officer (CFO) Javed Murtaza revealed that the event not only covered its costs but also generated substantial revenue, further solidifying the board’s financial standing.
No financial losses, instead a Rs 3 billion profit by hosting Champions Trophy: PCB
Mir emphasized that all expenses for the ICC Champions Trophy were covered by the International Cricket Council (ICC), with the PCB earning Rs 3 billion through gate money and ticket sales. He added that an additional Rs 3 billion is expected from the ICC following the completion of the audit process. “The initial target of Rs 2 billion has already been surpassed, and we anticipate even greater financial benefits,” Mir stated.
The spokesperson also credited PCB Chairman Mohsin Naqvi for steering the board toward unprecedented financial success. Under Naqvi’s leadership, the PCB’s total revenue for the 2023-24 fiscal year reached Rs 10 billion, marking a 40% increase from previous years. This achievement places the PCB among the top three richest cricket boards globally. “Our financial strength is a testament to the strategic vision and effective management of Chairman Naqvi,” Mir added.
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CFO Javed Murtaza echoed these sentiments, highlighting Naqvi’s hands-on approach to revising financial targets and ensuring transparency. “The chairman’s involvement has been instrumental in achieving these milestones,” Murtaza said. He also revealed that the PCB paid Rs 40 million in taxes, underscoring its commitment to fiscal responsibility.
In addition to financial gains, the PCB has made significant strides in infrastructure development. Mir noted that stadium upgrades, completed in just four months, were a major achievement. “For the first time in 29 years, we undertook comprehensive renovations to bring our venues up to international standards,” he said. Murtaza confirmed that the budget for these upgrades was set at PKR 18 billion, reflecting the board’s commitment to enhancing facilities for players and fans alike.
The PCB’s strong rebuttal to claims of financial losses shows its confidence in its fiscal management and strategic planning. With record revenues and upgraded infrastructure, the board is well-positioned to continue its upward trajectory in the global cricketing landscape.
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