PCB declares Rs.3.8 billion profit in 2019-20 fiscal year

The Board of Governors of the Pakistan Cricket Board (PCB) held their 59th meeting at the National High Performance Centre in Lahore on Monday.

The BoG approved the audited financial statements 2019-20, which included an after-tax-profit of Rs.3.8 billion. The PCB reserves now stand at Rs.17.08 billion as compared to PKR13.28billion in the 2018-19 financial year.

The PCB audited financial statements 2019-20 will be posted on the PCB’s corporate website in due course.

Separately, PCB Chief Executive Wasim Khan briefed the BoG that the board had exceeded the Rs.24 million projections by selling the 2020-21 domestic season inventory for Rs.34 million, a rise of Rs.11.5 million from the 2019-20 season.

With discussions for title sponsorship of the Pakistan Cup One-Day Tournament underway, the PCB expects to touch the Rs.40 million mark.