The Pakistan Cricket Board has completed the valuation of Pakistan Super League franchises and offered all existing teams new 10-year renewal agreements for the league’s eleventh edition.

Franchises have been instructed to convey their decisions within the specified deadline.

Officials said a chartered firm has finalised the potential price of two new teams, with the tender for their sale set to open soon.

Cities under consideration for the new franchises include Hyderabad, Sialkot, Muzaffarabad, Faisalabad, Gilgit and Rawalpindi.

The PCB said it is committed to maintaining its relationship with franchises based on mutual respect.