Karachi’s National Stadium has been renamed to the National Bank Cricket Arena as per a five-year memorandum of understanding with the National Bank of Pakistan (NBP), the Pakistan Cricket Board (PCB) announced on Tuesday.
“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,” the PCB press release reads.
PCB Chairman Ramiz Raja said the partnership was “great news” as it reflected that prestigious organizations were willing to be associated with the Pakistan cricket brand “as they see a lot of value in it for themselves”.
He also extended his gratitude to the NBP for supporting the PCB Pathways Program.
“I have always emphasized on creating processes for the raw talent that can be professionally channelized into the national framework.
In this background, this partnership with NBP is a significant movement in that direction,” the press release quoted him as saying.