PCB refuses to write off loan worth Rs 10 million to PHF

PCB refuses to write off loan worth Rs 10 million to PHF
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Summary In its letter written to PHF, the cricket board has demanded the return of the money it lent to PHF

LAHORE: (Dunya News) – Pakistan Cricket Board (PCB) has on Friday refused to write off the loan worth Rs 10 million to Pakistan Hockey Federation (PHF). In its letter to PHF, the cricket board has demanded the return of the money, reported Dunya News.

According to details, PHF had borrowed 10 million rupees from PCB for the projection of the game. Later, the hockey federation had requested writing off of the loan. However, PCB rejected the request and demanded the money to be returned.

In the letter, PCB informed PHF that a meeting of the governing body decided not to write off the loan, and that PHF must make arrangements to return the money as soon as possible.

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