PSB hikes money rewards for medal-winning athletes

Paris 2024 Olympics Medal Preview – Chaumet, Paris, France – February 1, 2024 A Paris 2024 Olympic Video games gold medal is seen on show at Chaumet jewelry. — Reuters

KARACHI: The Pakistan Sports activities Board (PSB) has considerably enhanced money rewards for medal-winning athletes below a revised coverage authorized throughout its thirty fourth board assembly, elevating incentives throughout a number of classes and introducing new event-specific awards.

Below the up to date framework, the reward for an Olympic gold medal has tripled from Rs10 million to Rs30 million. Silver medalists will now obtain Rs20.5 million, up from Rs7.5 million, whereas bronze medalists will earn Rs10 million in comparison with Rs5 million within the earlier coverage. Asian Video games gold medalists will get Rs10.5 million as a substitute of Rs7.5 million, with silver and bronze medalists securing Rs7 million and Rs5 million, respectively — each larger than the sooner Rs5 million and Rs3 million.

Commonwealth Video games prizes have additionally been revised upward. Gold medalists’ awards enhance from Rs5 million to Rs7.5 million, whereas silver and bronze medalists will obtain Rs5 million and Rs3 million, respectively, in comparison with Rs3 million and Rs2 million earlier.

For the primary time, the PSB has categorised World Championships and Asian Championships based mostly on their frequency, assigning totally different quantities for occasions held each 4 years, each two years, and yearly. 

For instance, four-year World Championship winners will now get Rs7.5 million, whereas biennial champions will obtain Rs5 million, and annual winners will earn Rs3 million. Comparable tiered buildings apply to Asian Championships, Commonwealth Championships, and junior-level occasions.

The revised coverage additionally introduces separate allocations for cue sports activities, awarding Rs1.5 million for an IBSF World Snooker Championship title and Rs0.75 million for an Asian Snooker Championship gold. Squash champions will obtain Rs10 million for profitable prestigious titles just like the British Open or an equal occasion, whereas junior squash champions will probably be entitled to Rs5 million.

Different provisions, together with awards for Paralympic, Deaflympic, and Blind Video games athletes, workforce occasions, and coaches, stay constant in construction however will profit from the elevated base quantities utilized to main competitions.