Sialkot and Hyderabad, the two new franchises, have been added to the 11th edition of HBL Pakistan Super League.

OZ Developers offered 1.85 billion rupees bid to win Sialkot, while FKS group secured Hyderabad team for 1.75 billion rupees at the spectacular and colourful PSL'S auction ceremony held in Islamabad today.

Lahore Qalandars, Islamabad United, Peshawar Zalmi, Quetta Gladiators, Karachi Kings and Multan Sultans are the current teams of the PSL.

Bidders for the two new teams include FKS, OZ Developers, Aim Next inc, Deharki Sugar Mills, Inverex Solar, i2c, Jazz, Prism Developers, VGO TEL, and Walee Pakistan.

Chairman Pakistan Cricket Board Mohsin Naqvi, Minister for Information and Broadcasting Attaullah Tarar, Minister for Parliamentary Affairs Tariq Fazal Chaudhry, Minister of State for Interior Talal Chaudhry were also present in the bidding ceremony.