KARACHI: The PCB has been criticized after asking the cash-strapped Pakistan Hockey Federation (PHF) to repay a loan of Rs 10million it made in 2000 to send the national team to the Olympic Games in Sydney.
PCB operations manager Subhan Ahmad wrote a letter to his counterpart at PHF asking him to make arrangements to return the Rs 10 million either in two installments or in full.
The PCB’s decision to claim the PHF money at a time when the national sport faces a financial crisis has been sharply criticized by some former players and critics.
The criticism came as the PCB this week at its general meeting set aside an amount of $ 1.7 million owed by former Pakistani captain Mohammad Yousuf for legal fees and also approved an amount of $ 6. , 5 million rupees for the medical treatment of President Shaharyar Khan. who recently had heart surgery in London.
“The PCB is spending millions wildly to have its officials go overseas and other unnecessary costs, but it cannot cancel the loan to the PHF which governs our national sport,” said the former Test player. Jalaluddin.
PHF secretary Shahbaz Ahmed said he had asked the PCB to try to convert the loan into a special grant or allow it to repay in installments, as currently the PHF did not have enough funds to honor its international commitments. “The money was given to the federation 16 years ago but the PCB now insists on its return and we do not have this money to spare because we are still waiting for the release of government funds,” he said. added.
The money was turned over to the PHF ahead of the 2000 Olympics on the orders of the former PCB chief Lt. Gen. (ret’d) Tauqir Zia.
The PCB remains the richest sports body in Pakistan and does not depend on any grants or funds from the government or the Pakistan Sports Board, but even it has asked the ICC to create a special fund for Pakistani cricket.
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PCB operations manager Subhan Ahmad wrote a letter to his counterpart at PHF asking him to make arrangements to return the Rs 10 million either in two installments or in full.
The PCB’s decision to claim the PHF money at a time when the national sport faces a financial crisis has been sharply criticized by some former players and critics.
The criticism came as the PCB this week at its general meeting set aside an amount of $ 1.7 million owed by former Pakistani captain Mohammad Yousuf for legal fees and also approved an amount of $ 6. , 5 million rupees for the medical treatment of President Shaharyar Khan. who recently had heart surgery in London.
“The PCB is spending millions wildly to have its officials go overseas and other unnecessary costs, but it cannot cancel the loan to the PHF which governs our national sport,” said the former Test player. Jalaluddin.
PHF secretary Shahbaz Ahmed said he had asked the PCB to try to convert the loan into a special grant or allow it to repay in installments, as currently the PHF did not have enough funds to honor its international commitments. “The money was given to the federation 16 years ago but the PCB now insists on its return and we do not have this money to spare because we are still waiting for the release of government funds,” he said. added.
The money was turned over to the PHF ahead of the 2000 Olympics on the orders of the former PCB chief Lt. Gen. (ret’d) Tauqir Zia.
The PCB remains the richest sports body in Pakistan and does not depend on any grants or funds from the government or the Pakistan Sports Board, but even it has asked the ICC to create a special fund for Pakistani cricket.
