With Asia Cup In Jeopardy, Pakistan Cricket Board Staring At Whopping Loss Of Rs...
The Board is hoping to earn another 1.16 billion rupees (INR 35 crore) from the Asia Cup and 7.77 million rupees through other international cricket events.
"The revenues from these two major sources (ICC and Asia Cup) are very important for the financial health of Pakistan cricket," one well-informed insider said.
He said the uncertainty over the schedule and venue for the Asia Cup has increased as PCB Chairman Mohsin Naqvi did not travel to Singapore for the ICC meetings last weekend.
Naqvi, who is also the federal interior minister, instead took part in the AGM virtually.
According to the insider, PCB CEO Sumair Ahmed, who had gone for the ICC meeting, "didn't get positive responses" from either the BCCI or the boards of Sri Lanka, and Afghanistan over attending the ACC meeting called on July 24 in Dhaka to finalise the Asia Cup arrangements.
"The PCB met with plenty of resistance to the ACC scheduling the meeting in Dhaka. India, Sri Lanka, Afghanistan, Oman and few other associate member boards were adamant about not travelling to Dhaka," one insider added.
He said the discussions on the sidelines of the ICC meeting don't augur well for the Asia Cup being held on schedule in September as the BCCI is not willing to send its representative to Dhaka.
The ACC is currently headed by Naqvi.
Originally India was scheduled to host the Asia Cup in September but due to the existing stand-off with Pakistan after the Pahalgam terror attack, the chances of the regional event being moved to UAE are high.
Sumair was also sent to Dubai earlier this year to attend the Champions Trophy final ceremony but due to some "miscommunication", he was not a part of the officials who were on stage for the presentations.
Interestingly in the expected revenue given in the budget for the fiscal year, the PCB has included 2.5 billion rupees as the estimated revenue from the next edition of the Pakistan Super League.
The PCB's total budget for the fiscal year is around 18.8 billion rupees.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
&w=3840&q=100)
First Post
14 minutes ago
- First Post
WATCH: No Modi-Trump phone call took place between April 22 and June 17, says Jaishankar
EAM Jaishankar confirmed in Lok Sabha there was no phone call between PM Modi and President Trump between April 22 and June 17, dispelling rumours of secret negotiations or trade-linked talks amid India's Operation Sindoor. read more External Affairs Minister S. Jaishankar clarified in the Lok Sabha that there was no telephonic communication between Prime Minister Narendra Modi and US President Donald Trump from April 22 to June 17, directly contradicting speculation about secret diplomatic dealings surrounding Operation Sindoor and associated border tensions. VIDEO | Speaking on Operation Sindoor in Lok Sabha, EAM S Jaishankar (@DrSJaishankar) said, "...At no stage, in any conversation with the United States, was there any linkage with trade and what was going on. There was no call between the Prime Minister and President Trump… — Press Trust of India (@PTI_News) July 28, 2025 STORY CONTINUES BELOW THIS AD Responding to Opposition allegations in the Lok Sabha, Jaishankar said, 'At no stage, in any conversation with the United States was there any linkage with trade and what was going on. There was no call between the Prime Minister and President Trump between April 22, when the President called to convey his sympathy and June 17 when he called the Prime Minister from Canada to explain why he couldn't meet.' He further explained that India's response to the Pahalgam terror attack was independent and decisive. 'After we retaliated against Pakistan's attack, we received messages saying Pakistan was ready to stop. But we conveyed that such a request must come from their Director General of Military Operations (DGMO),' he said. Hailing the government's diplomatic efforts post-Pahalgam attack, the EAM said, 'What we tried to create was a narrative and prepare the diplomacy for launch of Operation Sindoor. The result of that diplomacy was that out of the 190 nations of UN only three, besides Pakistan, opposed Operation Sindoor. 'Overwhelmingly, there was recognition that terror was unacceptable and the country which has been attacked has the right to defend itself and India was doing exactly that,' Jaishankar said. STORY CONTINUES BELOW THIS AD 'When Operation Sindoor was launched, we put out our objectives that it was hitting terror infrastructure in Pakistan and Pakistan-occupied Kashmir. Our actions were focussed, measured and non-escalatory and we were living up to the commitment that those responsible for those attacks will be held responsible,' he said. Jaishankar pointed out that The Resistance Front (TRF) group had been designated as a global terror organisaion by the US due to Indian diplomacy. 'On May 10, we received phone calls sharing the impression of other countries that Pakistan was ready to cease the fighting. Our position was that if Pakistan was ready, we needed to get this as a request from the Pakistani side through the DGMO channel. That is exactly how that request came,' Jaishankar said. 'I want to make two things very clear – at no stage in any conversation with the US was their any linkage with trade and what was going on. Secondly, there was no call between the prime minister and President Trump from April 22 – when President Trump called up to convey his sympathy – till June 17, when he called up, the PM who was in Canada,' he said. STORY CONTINUES BELOW THIS AD Talking about the post-Pahalgam actions of the government, Jaishankar said that the Cabinet Committee on Security had decided that the Indus Waters Treaty would be held in abeyance until Pakistan abjures its support for terrorism, along with a host of other steps. 'It was very clear that after the steps, India's response to the Pahalgam attack will not stop there. Our responsibility from a foreign policy approach was to shape the global understanding of the Pahalgam attack,' he said. Jaishankar said that Indian diplomacy then tried to bring out Pakistan's long-standing support to terrorism and how the Pahalgam attack was targeted at Jammu and Kashmir's economy and sow communal discord. 'Messages were two – zero tolerance for terrorism and right to defend our people against terrorists. All diplomatic briefing were aimed at these two objectives,' he said. Jaishankar's remarks came after Congress' Deputy Leader in the House Gaurav Gogoi slammed the government over US President Donald Trump's claim made '26 times', that he used trade to bring about a ceasefire between India and Pakistan. STORY CONTINUES BELOW THIS AD The Congress has been repeatedly attacking the government over Trump's remarks. Since May 10, when Trump announced on social media that India and Pakistan had agreed to a full and immediate ceasefire after a long night of talks mediated by Washington, he has repeated his claim on several occasions that he helped settle the tensions between India and Pakistan. However, India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the Directors General of Military Operations (DGMOs) of the two militaries. In a nearly 35-minute phone call with Trump last month, Modi firmly stated that India does not and will 'never accept' mediation and that the discussions between Indian and Pakistani militaries on cessation of military actions were initiated at Islamabad's request. India launched Operation Sindoor on May 7, targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in retaliation for the Pahalgam attack that killed 26 civilians. STORY CONTINUES BELOW THIS AD India and Pakistan reached an understanding on May 10 to end the conflict after four days of intense cross-border drone and missile strikes. With inputs from agencies
India Today
14 minutes ago
- India Today
Tahawwur Rana, TRF terror tag: S Jaishankar's response to failed diplomacy jabs
External Affairs Minister S Jaishankar on Monday cited India's major diplomatic victories, including the extradition of the 26/11 attacks plotter Tahawwur Rana to India and the designation of The Resistance Front (TRF) - the group behind the Pahalgam terror attack - as he highlighted New Delhi's zero-tolerance approach towards cross-border during the Operation Sindoor debate in the Lok Sabha, Jaishankar slammed the Opposition, saying those who believed that inaction was the best response after the 26/11 terror attacks were questioning why Operation Sindoor was recalled Pakistani Foreign Minister Ishaq Dar's past remarks about trying to defend the TRF and getting the terror group excluded from discussions and statements. "When the Security Council was debating this matter on April 25, the TRF had by then twice claimed responsibility for the Pahalgam attack. Pakistan came to the defence of the TRF. Pakistan tried to have any mention of the TRF excluded from the discussions. In fact, the Pakistani Foreign Minister even told his Parliament that it (exclusion) was a great diplomatic achievement," he said."Thanks to our foreign diplomacy, the TRF has been designated as a global terrorist organisation by the United States. And the very same Pakistani Foreign Minister, who took so much pride in defending the TRF, is now saying, 'Well, if the US has done this, we accept it'," he asserted that at no stage in any conversation with the US was there any linkage of trade with Operation Sindoor and the request for halting the military action came from the Pakistani side through the DGMO channel."I want to make two things very clear. At no stage in any conversation with the US was there any linkage with trade and what was going on. Secondly, there was no call between the Prime Minister and President (Donald) Trump from April 22. When President Trump called up to convey his sympathy, till June 17, when he called up, the PM, who was in Canada, explained why he could not meet him," he also said the result of India's diplomacy following the Pahalgam attack was that only three out of 190 nations which are part of the UN opposed Operation Sindoor. "There was an overwhelming support that the country which has been attacked has the right to defend itself," he External Affairs Minister said it was important to send a clear, strong and resolute message after the Pahalgam attack as "our red lines had been crossed and we had to make it very apparent that there would be serious consequences".advertisement"When Operation Sindoor was launched, we put out our objectives that it was hitting terror infrastructure in Pakistan and Pakistan-Occupied Kashmir. Our actions were focussed, measured and non-escalatory and we were living up to the commitment that those responsible for those attacks will be held responsible," he about the government's diplomatic offensive against Pakistan, Jaishankar said the Cabinet Committee on Security had decided that the Indus Waters Treaty would be paused until Islamabad stopped its support for terrorism."On May 10, we received phone calls sharing the impression of other countries that Pakistan was ready to cease the fighting. Our position was that if Pakistan was ready, we needed to get this as a request from the Pakistani side through the DGMO channel. That is exactly how that request came," he remarks came after Congress' Deputy Leader in the House Gaurav Gogoi slammed the government over Trump's claim, made "26 times", that he used trade to bring about a ceasefire between India and Congress has been repeatedly attacking the government over Trump's SINDOOR, TRUMP'S CEASEFIRE CLAIMSSince May 10, when Trump announced on social media that India and Pakistan had agreed to a full and immediate ceasefire after a long night of talks mediated by Washington, he has repeated his claim on several occasions that he helped settle the tensions between India and India has been consistently maintaining that the understanding on cessation of hostilities with Pakistan was reached following direct talks between the DGMOs of the two launched Operation Sindoor on May 7, targeting terror infrastructure in Pakistan and POK in retaliation for the Pahalgam attack that killed 26 civilians. On May 10, India and Pakistan reached an understanding to end the conflict after four days of intense cross-border drone and missile strikes.- Ends(with inputs from PTI)
NDTV
32 minutes ago
- NDTV
R Ashwin Breaks Silence On 'Fake' India-Pakistan Asia Cup Quote: "Shame On..."
Former India star all-rounder Ravichandran Ashwin on Monday, took to social media and cleared the air regarding one of his viral comments regarding the upcoming Asia Cup. BCCI and Team India are receiving constant slamming from fans and even some former cricketers, ever-since Asia Cup 2025 schedule has released. The Asian cricket tournament, which was likely to get cancelled due to the political tensions between India and Pakistan, will be played between September 9 to 28 in the UAE. The arch-rivals India and Pakistan are placed in the same group are scheduled to face each other on September 14. As soon as the schedule was out, a statement from Ashwin went viral on social media, where he had called out the BCCI for going ahead with the match against Pakistan. The statement mentioned Ashwin as saying that the World Championship of Legends match between India and Pakistan was cancelled only because the lesser amount of money was invested. "Small money is involved so World Championship of Legends got cancelled. But India is still playing against Pakistan in Asia Cup and BCCI hasn't cancelled it. Because the amount of money decides the level of patriotism," the viral post quoted Ashwin as saying. Don't associate me with this fake news. Shame on those who trigger all this — Ashwin 🇮🇳 (@ashwinravi99) July 28, 2025 Taking to X (formerly Twitter), Ashwin reshared the post and wrote, "Don't associate me with this fake news. Shame on those who trigger all this." For the unversed, India Champions, led by Yuvraj Singh, refused to play their match against Pakistan Champions as a protest against the Pahalgam terror attack in April this year. The likes of Harbhajan Singh, Yusuf Pathan, and Shikhar Dhawan took a strong stand and boycotted the game. Meanwhile, former India captain Sourav Ganguly on Sunday said he has no issues with India being placed in the same group as Pakistan in the upcoming Asia Cup, asserting that while terrorism must end, sport must continue. "I'm okay with the schedule. Sport must continue. What happened in Pahalgam should never happen, but we can't let that stop the game. Terrorism must end. India has taken a firm stand against it, it's in the past now. Sport must go on," Ganguly told PTI.
