Two new franchises were added to the Pakistan Super League (PSL) XI on Thursday, as OZ Developers secured the Sialkot franchise with a hefty bid of Rs1.85 billion, shortly after the FKS Group won the Hyderabad team for Rs1.75 billion at the league’s auction.
The bidding process for the two new teams saw participation from FKS, OZ Developers, Aim Next Inc, Deharki Sugar Mills, Inverex Solar, i2c, Jazz, Prism Developers, VGO Tel, and Walee Pakistan.
With the expansion, the PSL now features eight teams. The existing franchises include Lahore Qalandars, Islamabad United, Peshawar Zalmi, Quetta Gladiators, Karachi Kings, and Multan Sultans.
SIALKOT IS THE LATEST ENTRANT 🥳
The #HBLPSL family is now complete! Congratulations OZ Group 👏
📺 Watch LIVE on the PSL YouTube channel & the PCB Live app (UK region)
🔗 https://t.co/HNapgvqaqu#NewEra pic.twitter.com/xlqYw8LIJV— PakistanSuperLeague (@thePSLt20) January 8, 2026
OZ Developers
OZ Developers (Pvt) Ltd. is a prominent real estate development firm headquartered in Lahore, Pakistan. Led by Chairman Hamza Majeed, the company has expanded its operations internationally with offices in Australia, New Zealand, the UAE, and Kuwait.
The company is known for its high-rise developments in Lahore, characterized by a unique “live construction stream” feature that allows investors to monitor progress 24/7.
