Javed Afridi felt that until the Pakistan Cricket Board shed aside fears of failure, it would not be possible to hold the event.
"When you start a new project you must be confident it will come through and be successful. You can't have doubts and the same rule applies to the organisation of the PSL," Afridi said.
The PCB postponed the PSL for the second time since last year leading to questions in the cricket circles whether this would have hit the credibility of the board.
The owners of these two companies were told by the PCB chairman, Shaharyar Khan, during a meeting in Lahore a few days back that the PSL for the time being was off.
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"We only entered the bidding process for the PSL to buy rights for 15 years because we wanted to give Pakistan a global image and also because when other countries can hold their leagues why can't we," Afridi said.
But Arid said his company was prepared to commit for 15 years.
"Shaharyar Khan has given us firm commitments they plan to hold the PSL but decided to call it off for now because of shortage of time and some genuine concerns," he said.
Afridi said the meeting with Shaharyar was very positive.
"But we felt the PSL was necessary to give the world a soft image of Pakistan as we are going through difficult times. It is most unfortunate it is postponed now, it could have been held," he added.