City Desk

ISLAMABAD:Prime Minister Muhammad Shehbaz Sharif on Friday welcomed the participation of international firms in the auction for the two new franchises of the Pakistan Super League (PSL), stating that it would help promote foreign investment in the country.

He said overseas Pakistanis were playing a critical role in the nation’s development.

The prime minister was speaking to representatives of the two firms that won the franchise bids. Hamza Majeed of the OZ Developers and Fawad Sarwar of the Southeast Asian holding company FKS attended the meeting.

He extended congratulations to the representatives of the Sialkot and Hyderabad teams and conveyed his best wishes for their future.

The prime minister also congratulated Chairman of the Pakistan Cricket Board, Mohsin Raza Naqvi, and his team for ensuring a successful and transparent auction.

“The entire auction process for the new PSL teams was broadcast live on television, which reflects transparency,” the prime minister remarked, adding that the new teams would prove to be a breath of fresh air.

He noted that the active participation of national and international firms in the bidding demonstrated the PSL’s growing popularity at the global level.

The meeting was also attended by Interior Minister Mohsin Naqvi and Information Minister Attaullah Tarar.