PCB has announced that the last day for the submission of technical and financial information for bidding application for the sixth PSL franchise is May 30, 2017 with the bidding process starting the next day.
PSL had five franchises in the first two editions. Lahore Qalandar, Karachi Kings, Quetta Gladiators, Islamabad United and Peshawer Zalmi were the 5 franchises.
Najam Sethi had proposed the idea of having a Kashmiri team but it was opposed by the opposition due to political matters. The five franchises had reached on an agreement before that there will be a sixth franchise after two editions of the Pakistan Super League.
70% of the revenue of the first two editions were distributed among the five franchises.