Pakistan Super League winners will take home the $500,000 cash prize while the runners up will receive a cheque of $200,000.

The winner of the grand finale, which will take place at the Gaddafi Stadium in Lahore will collect a cheque of US $500K along with a glittering brand new silverware while the runner-up will receive a cheque of US $200K.

As per press release “The remaining amount will be distributed for other match-related awards like best catch, best run-out and most sixes,”

The fifth edition of PSL is set to kick off from February 20 in Karachi. The 34-match tournament will be the biggest cricket tournament to take place in Pakistan after the Asia Cup in 2008.