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The Confirmed Bidders (So Far)
Out of 12 global expressions of interest, ten entities have cleared technical evaluation and will contest the January 8 auction in Islamabad for 10-year ownership rights:
Total 10 bidders will enter in an auction for 2 PSL franchises on Thursday afternoon in Islamabad.
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Inverex Solar Energy: A renewable energy leader driving Pakistan’s shift towards solar power and clean mobility. Zakir Ali, the owner of popular solar inverter manufacturing company is leading the process.
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OZ Group of Companies: A real estate developer shaping modern residential and commercial spaces spearheaded by Mr. Hamza Majeed of OZ Group of Companies enters the mix as the second confirmed bidder ahead of HBL PSL Teams Auction
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VGO TEL Mobile: A homegrown mobile technology brand focused on affordable devices and local manufacturing represented by CEO VGO TEL, Mr. Naveed Gaba
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Jazz Pakistan Pakistan’s largest digital telecom, powering connectivity, fintech and the country’s data future with net worth PKR 159 billion (US$550 million) has officially qualified for the HBL PSL New Franchise Auction.
- Tareen Group or Ali Tareen Group is from his Gotiki Dherki Sugarmills (DSM) in Ghotki Sindh, a diversified Pakistani conglomerate with deep roots in agribusiness and strategic investments, with ~$1.5-2B (estimated) Net Worth DSM confirmed as Bidder 05 out of 10 for the HBL PSL Teams Auction.
- i2c with Revenue $210M: CEO Amir Wain leads a global fintech powerhouse building the rails for digital banking, payments and card solutions worldwide
- Walee Tech: CEO Ahsan Tahir, a technology-led media and fintech group redefining digital marketing and data-driven growth.
- Prism Developers: Mr. Masood Alvi, a property development firm focused on urban growth and planned communities + Exchange ON
- Kingsmen Group (Winner Hyderabad): A diversified investment group operating across multiple high-growth sectors.
- Aim Next Inc: Mr. Umar Muhstaq & Ali Mushtaq, a technology and innovation company focused on future-ready digital solutions.Note: Daharaki withdrew.
This shortlist matters. It sets the tone for what kind of owners the PSL wants: operators with financial muscle, governance readiness, and brand stamina.
“One Team Will Be From Sialkot”
PCB Chairman Mohsin Naqvi has been categorical:
“We will auction two teams this year. We will ensure that one of the team is from Sialkot.”
Sialkot isn’t just another city. It’s Pakistan’s export engine—home to global sports manufacturing, private infrastructure (including the Sialkot International Airport), and a cricketing culture that has produced world-class talent. If any city deserves competent, locally rooted ownership, it’s Sialkot.
Inverex Solar: Sponsor Turned Owner?
Inverex Solar Energy has sponsored PCB and PSL properties consistently since 2012—from bilateral series to multi-nation tournaments and Asia Cup associations. Fans see continuity; critics see risk.
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