Lahore, 24 November 2025: The franchise rights for one of the most recognisable and influential teams in the HBL PSL, Peshawar Zalmi, will remain with their current owners for the next decade following the renewal of their franchise agreement on Monday.
The owners of the 2017 champions were among the first to extend their franchise agreement at the market value determined by Ernst & Young - after a comprehensive and transparent valuation process.
The renewal reaffirms stakeholders’ confidence in the HBL PSL’s enduring strength and rising brand value ahead of its expansion to eight teams in the 11th edition next year.
PCB Chairman Mohsin Naqvi:
"I am delighted that Peshawar Zalmi will continue under the leadership of Mr. Javed Afridi, whose commitment, professionalism and passion have played a fundamental role in elevating the Zalmi brand into one of the most dynamic and admired sporting entities in Pakistan.
"Javed Afridi’s vision has not only strengthened the Zalmi franchise but has also contributed immensely to the growth of the HBL PSL. His decision to renew reflects a strong belief in the league’s future potential and continued success.
"The PCB looks forward to building on this partnership as we collectively work towards further advancement of Pakistan cricket."
HBL PSL Chief Executive Officer Salman Naseer:
"Peshawar Zalmi’s energy, inclusivity and deep connection with fans have been central to shaping the identity of the HBL PSL. We are extremely pleased to continue this journey with Mr. Javed Afridi, who has consistently demonstrated unwavering commitment to strengthening the league and nurturing emerging talent.
"His forward-thinking approach and support have been vital to the HBL PSL’s evolution and we are excited about what the next decade of this partnership will bring."
Peshawar Zalmi remain one of the most followed and commercially successful HBL PSL franchises, with a strong legacy built through impactful fan engagement and consistently competitive performances on the field. They were also the most watched franchise of HBL PSL X, reflecting their unparalleled connection with fans across Pakistan and beyond.
