The Pakistan Cricket Board and National Bank of Pakistan have signed a five-year Memorandum of Understanding (MoU) for the naming rights of one of the country’s most iconic Test venues, the National Stadium in Karachi. The venue will now be known as the National Bank Cricket Arena.
“The PCB National Bank of Pakistan have signed a five-year Memorandum of Understanding (MoU) for the naming rights of one of the country’s most iconic Test venues, the National Stadium in Karachi. As such, the venue will now be known as the National Bank Cricket Arena,” the PCB said in a statement.
“Besides the naming rights agreement, the PCB and NBP will also collaborate and partner on sponsoring initiatives to promote and develop grassroots cricket across the country, including supporting the PCB initiatives of scouting local talent in the rural areas of Pakistan.”
As per the MoU, the NBP will be allowed to use the venue nomenclature and signage outside the playing area.
PCB Chairman Ramiz Raja said, “I want to welcome National Bank of Pakistan back in the PCB family after having supported Pakistan cricket in the past.”
“NBP again partnering with the PCB is a great news as this reflects that prestigious organizations are willing to be associated with the Pakistan cricket brand as they see a lot of value in it for themselves.
“Additionally, I am grateful to the NBP for also extending support to the PCB Pathways Program,” he said. “I have always emphasised on creating processes for the raw talent that can be professionally channelized into the national framework. This partnership with NBP is a significant movement in that direction.”
NBP President and CEO Rehmat Ali Hasnie stated, “We are delighted to partner with the Pakistan Cricket Board. The National Stadium, Karachi is one of the most iconic cricket venues in the world and has hosted some of the legends of all eras since Test cricket was first played there.
“We are honored to associate with such an incredible cricket venue, our endeavor during the next five years would be to help the PCB further uplift the venue while making contributions to Pakistan cricket across the country at the grass root level simultaneously.”
