Pakistan Cricket Board Earns 800 Million Rupees in Profits

There is no risk of bankruptcy for Pakistan Cricket Board anymore. According to claims made by outgoing chief Najam Sethi, the PCB earned its highest pretax profit since 2011.

updated: August 14, 2014 13:21 IST
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Time to sit back? Najam Sethi has said that 657 million rupees were budgeted for matches at neutral venues but actual expenses were 500 million.


The outgoing chairman of the Pakistan Cricket Board, Najam Sethi, has claimed that in the fiscal year ending June, 2014 the PCB, which was in danger of going bankrupt in three years' time, has ended up with profits of 800 million rupees.

Sethi, who is stepping down as PCB chairman as the board prepares for fresh elections on August 18 to elect a new chief, said the amount was the highest pretax profits since 2011 against budgeted deficit of 366 million rupees for this fiscal year.

"This has been achieved mainly due to austerity measures, economies of all scales and generation of better revenues especially television rights," he said.

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