Sunday, May 25, 2025

International E Paper Magzine

Gulf News Edufair Abu...

Meta-skills such as adaptability, emotional intelligence, collaboration and critical thinking are now...

UAE: Hair today, gone...

Marking World Thyroid Day, which falls on May 25, doctors noted that...

Best homecoming? Most likely...

As the college football offseason has churned through the spring months, the...
HomeSports'Pack of lies':...

‘Pack of lies’: Pakistan rebuffs Indian media’s claims of Champions Trophy losses


Amir Mir, Advisor to the PCB Chairman and Javed Murtaza , Chief Financial Officer, hold a press conference at Gaddafi Stadium in Lahore on March 20, 2025. — PCB

The Pakistan Cricket Board (PCB) has rebuffed the Indian media claims that Pakistan suffered a loss of $85 million by hosting the Champions Trophy and the Green Shirts played only one home game in the tournament.

The adviser to the Pakistan Cricket Board (PCB) chairman, Amir Mir, and Chief Financial Officer (CFO) Javed Murtaza on Thursday debunked recent reports regarding the financial aspects of the ICC Champions Trophy 2025 and the alleged losses claimed by Indian media.

Mir strongly condemned the false narratives being spread by Indian media and certain anti-Pakistan elements, emphasising that such misinformation campaigns aim to undermine Pakistan’s successful hosting of the ICC Champions Trophy and create unnecessary controversy around the PCB’s financial stability.

“We need to expose the propaganda of the Indian media and the anti-Pakistan elements who are running a shop of lies — unfortunately, even some Pakistani media outlets are broadcasting it,” Mir stated.

Addressing financial matters, Mir revealed that the ICC Champions Trophy is expected to generate a profit of three billion rupees, exceeding the initial projection of two billion rupees.

“The estimated profit from the ICC Champions Trophy stands at three billion rupees, surpassing the initial expectation of two billion. This revenue is generated from gate money and ground fees,” he said.

He clarified that the PCB spent nothing on hosting, as the ICC covered all $70 million. A full audit is pending.

“PCB did not contribute any money for the ICC Champions Trophy; ICC covered all expenses with a budget of 70 million dollars, and a complete audit is yet to be conducted.”

Highlighting the PCB’s financial strength, Mir stated that the board has already paid four billion rupees in taxes to the government while its funds continue to grow.

“The PCB has paid four billion rupees in taxes to the government while its financial reserves continue to increase. The Champions Trophy was successfully organised, with all major teams playing in Pakistan,” he affirmed.

Discussing infrastructure development, Mir praised PCB Chairman Mohsin Naqvi’s leadership in upgrading stadiums to international standards.

“Chairman Mohsin Naqvi took on the challenge of stadium upgrades, completing 90% of Gaddafi Stadium’s reconstruction, turning it into a valuable national asset,” he stated.





Source link

Get notified whenever we post something new!

spot_img

Advertise Here

if you want to advertise here . Contact with us Era Inventions.

Continue reading

Gulf News Edufair Abu Dhabi: Why meta-skills are the new hard skills in the age of AI

Meta-skills such as adaptability, emotional intelligence, collaboration and critical thinking are now considered core competencies, increasingly valued as technology automates routine work and job roles shift. At a panel discussion during Gulf News Edufair in Abu Dhabi, educators...

UAE: Hair today, gone tomorrow? The thyroid link men must not ignore

Marking World Thyroid Day, which falls on May 25, doctors noted that thyroid disorders are often misperceived as predominantly a women’s health issue, leading to a significant gap in awareness and diagnosis among men. Yet the thyroid gland...

Enjoy exclusive access to all of our content

Get an online subscription and you can unlock any article you come across.