Daily Times

ISLAMABAD: Pakistan Hockey Federation (PHF) on Tuesday said it wanted the Pakistan Cricket Board (PCB) to waive off the Rs.10 million loan which it took in the year 2000, citing inability to payback the amount. PHF secretary general Shahbaz Ahmad Senior said the PCB had recently written a letter to the national federation demanding to return of the loan. “Earlier, the PCB had also waived off loans of Shoaib Muhammad (Rs 0.3 million) and Muhammad Yousaf’s (Rs 0.7 million),” he claimed questioned then why the PCB could not waive off the hockey federation’s loan. He said Rs.10 million was not such a big amount for the board. The PCB wants the PHF to return the amount in installments. Although the number of installments is not agreed, but the PCB wants the PHF to clear this amount in at least 10 installments. On the other hand, the PHF wants the PCB to convert the Rs.10 million to a grant like Bangladesh, where government has announced a policy which pushed the Bangladesh Cricket Board to give five percent of their income to the national game.