PSB boosts sports fund
FI
Home The Pakistan Sports Board (PSB) has approved a comprehensive Investment Policy for the Pakistan Sports Endowment Fund, marking a significant step towards ensuring sustainable financial support for sportspersons across the country. The decision was taken during the 36th Board meeting of the PSB. Director General PSB Yasir Pirzada presented the policy which was unanimously endorsed by the Board members. The Board was informed that the fund, which had an initial reinvestment base of Rs. 60 million, has now grown to Rs. 68.757 million through prudent financial management. The profit generated from these investments shall be utilized to provide financial assistance to veteran sportspersons and their dependents. To further expand the scope and impact of the initiative, it was apprised that a request has been made to the Federal Government for seed money of Rs. 5 billion to significantly enhance the size and outreach of the Endowment Fund.
Published: April 7, 2026 1:38 pm
Source: The Express Tribune — Read original