KARACHI:

It is expected that the reserve price for a new PSL franchise will be set at around 1.25 billion rupees.

According to details, the decision on the two new PSL franchises will be made in January, and an initial tender has already been released.

Sources say that the reserve price will be set above 1.25 billion rupees, and several domestic and international companies have expressed interest.

From Pakistan, five major parties have come forward, including real estate and solar energy firms, both of which have a history of sponsoring Pakistani cricket. Two businessmen from the United States are also interested in buying a team, while investors from the United Kingdom and another European country will also take part in the bidding.

The deadline for submitting technical proposals is

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