The Pakistan Cricket Board (PCB) said the Pakistan Super League (PSL) will be held from 4th to 24th February 2016 in Dubai and Sharjah, UAE.
"The PSL will have a total of 24 matches which will be played over a 21-day period," said a PCB release, apparently shifting the event from Doha due to a lack of facilities in the Qatari capital.
The PCB had planned the Twenty20 league in 2013 but had to postpone it twice -- in 2014 and 2015 -- over a lack of response from sponsors and logistics problems but this time they are more confident of staging the event.
"Franchise owners will be inducted between mid to end November after which the foreign and local players will be drafted and teams constituted", said Najam Sethi, chairman of the governing council of the PSL.
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PCB claims that some of the big names who have consented to play in the PSL include former England star Kevin Pietersen, master blaster Chris Gayle, Kieron Pollard, Sunil Narine, Andre Russell and Dwayne Bravo (all from the West Indies), Bangladesh's Shakib Al Hassan and Sri Lanka's Lasith Malinga and Angelo Mathews.
The players will be selected through a draft process in December.
"There is a pool of top coaches also from which franchise owners will be able to pick and chose", said Sethi.
"PSL will offer up to one million dollars (100 million rupees) in prize money while each franchise will be able to draft players and coaches for the team within a budget of one million dollars," said PCB.