Karachi: Aug 31, 2013
Pakistan Cricket Board (PCB) has projected an estimated earnings of Rs 2.8 billion in the fiscal year of 2013/14 but may still end up with a budget deficit of Rs 557 million due to international teams not touring Pakistan.
According to details provided by a PCB official, the deficit will be there even though the earnings of the board will be boosted this fiscal year.
“The reason for deficit budget is that no international teams are touring Pakistan since 2009 and that is affecting out overall earnings. When we organize our ‘home’ series we are losing estimated earnings,” the official said.
He said that the board expected to earn around 2.8 billion mainly from home and international tours as well as popular domestic events like the T20 tournaments.
“But we bear heavy costs on salaries, subsidizing domestic cricket, development projects as well on players payments,” he said.
The official said the total expenses were estimated at Rs 3.18 billion in the coming season of which Rs 2.1 billion is projected cricketing expenditure, up from Rs 1.24 billion spent last year.
He said the board will have to spend more on organizing international and home tours as events outside Pakistan are expected to cost PCB Rs 246 million compared to Rs 215 million in 2012-13 while “home” series played at neutral venues will see a jump from Rs 145.9 million to Rs 857 million.
“The fact is that expenditures on our home series played abroad will cost us around Rs 857.17 million which would have been much lesser had Pakistan been playing at home,” he said.
The caretaker PCB Chairman Najam Sethi had vowed to cut down on expenses but one of the key points in non-cricketing expenditure is the raise in administrative expenses which are kept at Rs 758.67 million. Last year, Rs 617.87 million was spent by the Board when Zaka Ashraf was chairman under whom estimated expenses were 881.34 million.
The official said that PCB hopes to generate Rs 252.64 million compared to last year’s meagre Rs 49.22 million from new and existing sponsorship, advertising deals.