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PCB's RS 780 million deficit budget for 2009-10 to be approved today.

LAHORE/ISLAMABAD, November 06, 2009 (Frontier Star): Pakistan Cricket Board (PCB) would approve its budget for the fiscal year of 2009-10 today (Saturday) in its meeting of the Governing Body with total deficit of Rs. 780 million. Chief Operating Officer of PCB, Wasim Bari, Director General PCB Javed Miandad, Shakil Sheikh (Islamabad), Mian Munir (Multan), Dr. Muhammad Ali Shah (Karachi), Hayat Chaman (NWFP), Aamir Hayat Rokhri (Lahore) and Wazir Ali (Sindh) would participate in the meeting to be chaired by Chairman PCB, Ijaz Butt. Coach Pakistan Cricket Team, Intikhab Alam and member of the Governing Body Abdul Raqeeb would not participate in the meeting of governing body of PCB as they are in Abu Dhabi with Pakistani Cricket Team. Sources told that the overall budget of Rs. 1.98 billion prepared by Chief Financial Officer, Muhammad Naeem would be presented in the meeting of the Governing Body. The participants of the meeting would be informed that the expected revenue of PCB would be Rs. 1.20 billion while the expenditures to touch the figure of Rs. 1.98 billion. According to reliable sources, Chairman PCB Ijaz Butt would inform the members of the body about his meetings with officials of Board of Control for Cricket In India (BCCI) during his visit to India. The meeting would also discuss matters pertaining to the preparations of World Cup and the appointment of new members of the Governing Body while the audit report of PCB for 2007-08 would also be approved in the meeting. Sources further told that DG PCB would present his report to bring improvement in the domestic cricket while the decision regarding allocation of over Rs. 50 million for Women Wing would also be taken. A high official of PCB in this regard told that PCB should control the foreign visit of officials besides ending unnecessary expenditures of the board. Sources further said that PCB could face financial crisis if it failed to control its unnecessary expenditures.

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Publication:The Frontier Star (Northwest Frontier Province, Pakistan)
Geographic Code:9PAKI
Date:Nov 6, 2009
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