PSB raises cash rewards for global medalists
The Pakistan Sports Board (PSB) has announced a substantial increase in cash rewards for national athletes who secure medals at international sporting events.
The decision came during the 34th meeting of the PSB Board, where the revised 'Cash Award Policy' was formally unveiled. Under the new policy, prize money for Olympic gold winners has risen to Rs30 million from Rs10m earlier. Silver medalists will now receive Rs20 million, while bronze medalists will be awarded Rs10 million.
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The revised scheme also includes enhanced financial incentives for other major international competitions. Gold medalists at the Asian Games will receive Rs15m while silver and bronze medal holders will now be entitled to Rs7m and Rs5m, respectively.
For the Commonwealth Games, gold medalists will be awarded with Rs7.5m and the Asian Snooker Championship winner will get Rs750,000.
The policy further covers squash, squash, with Rs10m in prize money allocated for players winning the prestigious British Open or an equivalent tournament.
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