Pakistan news

Pakistan offer $2m life insurance deal

Umar Farooq

January 24, 2013

Comments: 96 | Text size: A | A

Nasir Jamshed plays the pull, India v Pakistan, 1st ODI, Chennai, December 30, 2012
Players like Nasir Jamshed could earn over $100,000 tax free in the 10-day Pakistan Super League © BCCI
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Pakistan have offered an insurance policy of $2 million and tax-free income for foreign cricketers who are thinking of participating in the Pakistan Super League (PSL).

Pakistan have not hosted international cricket since terrorists attacked the Sri Lankan team bus in Lahore in March 2009. Since then they have had to play their "home" matches at offshore venues such as England and the UAE. The idea of having a PSL in the country is a strategic move by the PCB to win back the confidence of cricketing nations.

But the world professional cricketers' union FICA has raised its concerns over the security situation in Pakistan and warned players against taking part in the PSL, citing it an unmanageable risk. "We understand their concerns and we can't blame them," Zaka Ashraf, PCB chairman, told ESPNcricinfo. "It's the negative perception about Pakistan that has to be changed and people should understand that things are not so bad.

"But for their sense of security we are offering an optional insurance policy worth $2 million for the satisfaction of their families. They will be our special guests and we are ensuring every possible step to give them security at a higher level and if they think this isn't enough they can take the insurance option as well."

Cricket operations in Pakistan aren't tax exempted but the PCB is offering residential and non-residential players tax-free income from the PSL. Apart from the "emerging" players, they stand to earn between $25,000 and $100,000 for taking part in a 10-day tournament. The base price for the top category diamond player starts at $100,000.

"Government is ready to grant us the exemption on income of the PSL and it's an added advantage of our product for the players to earn tax free income," Ashraf said. "We are offering the most money compared to the other leagues in the world. In ten days you can get the most out of it before going to the IPL starting in April."

Umar Farooq is ESPNcricinfo's Pakistan correspondent

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© ESPN Sports Media Ltd.

Posted by Dunwall on (January 26, 2013, 15:32 GMT)

Everyone is acting like pcb is actually giving an extra $2m to the players! As I understand, PCB is NOT giving away this money..it works like any other insurances (without the tax-free bit), i.e. if something happen to a cricketer, than the families of the cricketer will get the money otherwise NOT...which, in my opinion and @kc69, sends out a dark massage indeed..

Posted by CRICOTIME on (January 26, 2013, 14:16 GMT)

it's a good move for both PSL & Cricketers. infact the amount psl offering to cricketers is much of their good sake. earning up to a million just in 10 days. A week of t20 almost!

Posted by InamKhattak60 on (January 26, 2013, 12:45 GMT)

Nice move PCB, indeed a great step taken. Hope cricket would return to us.

Posted by British_North_America on (January 26, 2013, 7:34 GMT)

PCB is desperate because if PPP wants to come in power for another term, they need to get international cricket back in the country.

Posted by Engr.TahirShah on (January 26, 2013, 6:47 GMT)

@KC69: My friend, $2Million is not a small amount that PCB will flow away into the river. It's just in the extreme worst situation which may occur anywhere in the world, be it Australia, England, South Africa, New Zealand, India etc. PCB doesn't call international players to killed in Pakistan, instead they want the resumption of international cricket in Pakistan and this is a wonderful step forward. I wish PCB all the best in all its efforts for resumption of international cricket and PSL as well. They will provide security of the highest level, as mentioned by Mr. Zaka Ashraf for the security of the players and it's only a ten day tournament, so they will surely provide security of the highest level to all the players and officials and spectators as well. I hope PSL kiss the heights of success and well done PCB and Mr. Zaka for ur efforts for resumption of international cricket in our country. Wesh u all the best.

Posted by TopOrder_ on (January 26, 2013, 6:36 GMT)

Being Pakistani and a cricket fan, i would suggest to host any foreigner or team not before 2014. I guess the situation of security will start improving from 2014. We want to see cricket back in our country, but any LITTLE lapse in security might be final nail in the coffin, so better be save then sorry. we have spent 4 year without cricket at home, lets wait for 1 more year at least.

Posted by Cricket_Man on (January 26, 2013, 5:31 GMT)

I think everything is going perfectly for PSl. But I think the timing of the tournament isn't right. Somewhere around that time there are going to be elections in Pakistan. Therefore, the public attention would be on that and also that you need stability in country for events like PSL. It is only natural that the system of every country changes a little after elections. If PSL isn't clashing with the election timings then there is no problem.

Posted by AnotherCricketFan on (January 26, 2013, 4:56 GMT)

Offering Life Insurance is the dumbest idea. As an individual, as a person with a family, why would one risk his life for 100k (max). Secondly that makes one wonder whether Pak.board is covering itself from being sued or legally challenged if something would go wrong. The underlying thought that even PCB thinks that something MAY go wrong should scare the hell out of any player who thinks about stepping into Pak.

Bad Bad Bad idea.

Posted by the_fallen_heroezzz on (January 25, 2013, 23:35 GMT)

PSL is a a very good step taken by the pcb, which i think should had been taken earlier. pakistan is the best team of t20 as it has proved it's metal in all the world cups of the mentioned format, pakistan is the origin of t20 as well because it introduced this version of the game. in my opinion any foreign player hits the pak grounds or not for psl, it does not matter as it will be a huge success anyway.and all those who are promoting the false agenda of security concerns in pakistan should think about the betterment of cricket because pakistan is a safe country to play cricket. attack on the srilankan team was a planned attack and every body knows who did it. so plzz stop stabing in the back and then shouting infront of whole world about it, portraying the victim accused. best of luck pcb and best of luck PSL.

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