OZ Developers and US-based FKS Group have secured bids for two new Twenty20 franchises in the Pakistan Super League (PSL) for a combined $12.75 million. OZ Developers will operate the Sialkot franchise, while FKS Group will manage the Hyderabad team. These additions will expand the PSL to eight teams, with the new season commencing on March 26. The Multan Sultans franchise will be managed by the PCB this year before being put up for sale.