Thu Mar 20 14:09:10 UTC 2025: ## Pakistan Cricket Board Announces Record Profits, Ranks Among Top Three Richest

**LAHORE, PAKISTAN** – The Pakistan Cricket Board (PCB) today announced record financial success, exceeding projected earnings from the recently concluded ICC Champions Trophy and achieving a significant overall revenue increase. The board reported a profit of approximately USD 10 million (INR 86 crore) from the tournament, surpassing their initial target of INR 2 billion. This success comes despite initial reports suggesting financial losses due to stadium upgrades.

PCB spokesperson Aamir Mir clarified that all tournament expenses were covered by the ICC, and the board generated additional revenue through ticket sales. Further, the PCB expects an additional Rs 3 billion from the ICC following an audit.

The board’s total revenue for the 2023-24 fiscal year reached Rs 10 billion, a 40% increase from the previous year, placing the PCB among the top three richest cricket boards globally. The PCB also paid Rs 40 million in taxes.

CFO Javed Murtaza highlighted the role of PCB chairman Mohsin Naqvi in achieving these results, noting his involvement in revising fiscal targets. Murtaza detailed the ongoing Rs 18 billion stadium upgrade project, with Rs 10.5 billion already spent on Phase one. These renovations, completed in just four months, brought venues up to international standards. The remaining funds will be allocated to further improve stadiums in Karachi, Faisalabad, and Rawalpindi.

Mir also confirmed the reversal of salary cuts for domestic men’s and women’s players, a decision initially made by the board. While the PCB awaits a full explanation from the ICC regarding their absence from the final stages of the Champions Trophy, all financial details related to the tournament will soon be available on the PCB’s official website for transparency.

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