Lahore Qalandars and Peshawar Zalmi have renewed their Pakistan Super League (PSL) franchise rights for the next ten years after accepting the Pakistan Cricket Board’s (PCB) new long-term offer, the two teams announced on Monday.
The renewals follow independent valuations conducted by EY MENA, which placed Lahore Qalandars as the league’s most valuable franchise based on combined on-field performance and organisational strength.
The Qalandars have won three PSL titles in the past four seasons, a run that has strengthened their position as one of the tournament’s leading sides.
Marking their 10th anniversary, the Qalandars held a “Decade of Glory” event in Islamabad, attended by players, management, partners, and international guests.
The celebrations included a trophy showcase and a reception with Zimbabwe Cricket’s Managing Director Givemore Makoni, and the visiting Zimbabwe team, reflecting the franchise’s growing global partnerships.
The team highlighted its ongoing collaboration with Zimbabwe Cricket, including player-exchange opportunities and support for Pakistani players seeking exposure in Zimbabwe’s domestic circuit.
Zimbabwe captain Sikandar Raza, popularly known as “Qalandars ka Sikandar,” featured prominently at the event. Sri Lanka’s Bhanuka Rajapaksa and PSL final hero Kusal Perera also joined the celebrations.
A key announcement at the ceremony was the establishment of a new Lahore Qalandars High Performance Centre in partnership with Capital Smart City Islamabad, developed by the Zahid Rafiq Group.
This will be the franchise’s third such facility after Lahore and Karachi. The centre aims to expand youth development programs and strengthen Pakistan’s talent pipeline.
Peshawar Zalmi, meanwhile, confirmed their own 10-year renewal in an official statement earlier, marking what the franchise described as a “new era of ambition and long-term commitment.”
Zalmi Chairman Javed Afridi said the extension underscored the team’s responsibility to continue delivering impact through player development, fan engagement, and global expansion.
With the two franchises extending their partnership with the league, the PCB’s long-term PSL structure is expected to benefit from greater financial stability, enhanced player pathways, and continued international visibility.
Both renewals mark a renewed decade of commitment to Pakistan cricket as the PSL enters a new phase of expansion and global reach.