While the Pakistan Super League (PSL) promises considerable revenue to the Pakistan Cricket Board (PCB), the Lahore Chamber of Commerce and Industry (LCCI) says that the local businesses will suffer a loss of Rs. 23 billion ($149,060,270, estimated) a day as a result of stringent security measures, Pakistan Today reported.
The government has instructed law enforcement agencies to introduce steps for smooth movement of teams between hotels and stadiums such as closing off markets and roads.
LCCI leaders said they aren’t against PSL being played in Pakistan as these tournaments help to enhance the country’s soft picture. Shutting down the Liberty market and other Gad-neighboring companies.
We are holding talks with the government to devise a long-term plan that not only would allow the PCB to conduct cricketing activities, but it will also provide an environment for the traders to carry out business activities in routine.
LCCI President, Irfan Iqbal Sheikh, said:
A state-of-the-art luxurious hotel should be built as soon as possible within the premises of Gaddafi Stadium Lahore for guest teams because it is the only solution to address concerns of all stakeholders.
Sheik argued that Pakistan’s revival of international cricket is just as important as its economic revival. Shutting down markets impacts not only traders but also the daily wagers.
Therefore, after consulting with all the stakeholders, the government will formulate a plan to organize sporting events without upsetting the businesses.