The Lahore Qalandars have announced their squad for PSL 12 (2027), re-acquiring key match-winning players like Fakhar Zaman and Haris Rauf to ensure their core remains intact for the upcoming season. After a disappointing fifth-place finish in PSL 11 as defending champions, the Qalandars have moved aggressively to rebuild a squad capable of challenging for a fourth title in six years.
Lahore Qalandars Squad 2027 [Expected]
Shaheen Shah Afridi, Haris Rauf, Fakhar Zaman, Abdullah Shafique, Sikandar Raza, Usama Mir, and Mohammad Naeem.
Lahore Qalandars PSL 2027 Auction
The 2027 squad-building process is a continuation of the framework introduced in 2026, where players signed at the inaugural auction received two-year contracts covering both the 11th and 12th editions. Franchises are permitted to retain up to seven players for PSL 12 before the full reset “grand auction” arrives after this cycle.
Lahore entered the 2026 auction with a remaining purse of PKR 31.36 crore. Their primary goal was clear: bring back the fan favourites who were released under the tight four-player retention cap. They engaged in a high-stakes bidding war with Peshawar Zalmi to secure Fakhar Zaman for PKR 7.95 crore, making him one of the most expensive players of the event. The bidding for Zaman drew 26 bids — the most of any player in the auction.
Similarly, they spent PKR 7.6 crore to ensure Haris Rauf returned to the Qalandars’ squad after he attracted 18 bids. The team also focused on youth by picking up emerging fast bowler Ubaid Shah for PKR 2.7 crore.
| Player Name | Category/Type & Price (PKR) |
| Shaheen Shah Afridi (Local) | Platinum Retained – 7.00 Crore |
| Fakhar Zaman (Local) | Auction (Platinum) – 7.95 Crore |
| Haris Rauf (Local) | Auction (Platinum) – 7.60 Crore |
| Mustafizur Rahman (Foreign) | Direct Signing – 6.44 Crore |
| Usama Mir (Local) | Auction – 3.50 Crore |
| Sikandar Raza (Foreign) | Gold Retained – 2.80 Crore |
| Ubaid Shah (Local) | Auction – 2.70 Crore |
| Abdullah Shafique (Local) | Diamond Retained – 2.20 Crore |
| Haseebullah Khan (Local) | Auction – 1.10 Crore |
| Gudakesh Motie (Foreign) | Auction – 1.10 Crore |
| Hussain Talat (Local) | Auction – 77.5 Lakh |
| Dasun Shanaka (Foreign) | Auction – 75 Lakh |
| Mohammad Naeem (Local) | Silver Retained – 70 Lakh |
| Asif Ali (Local) | Auction – 60 Lakh |
| Tayyab Tahir (Local) | Auction – 60 Lakh |
| Mohammad Farooq (Local) | Auction – 60 Lakh |
| Parvez Hossain Emon (Foreign) | Auction – 60 Lakh |
A major storyline heading into PSL 12 is the status of Sri Lankan all-rounder Dasun Shanaka. The PCB imposed a one-year ban on Shanaka after ruling that his unilateral withdrawal from PSL 11 on March 21, 2026 — to join the IPL’s Rajasthan Royals — constituted a clear breach of both the Player Registration terms and the Tripartite Agreement. Effective immediately, Shanaka has been declared ineligible to participate in PSL 12.
He later issued a public apology, saying he “deeply regretted” his decision and offered “sincere apologies to the people of Pakistan, the fans of HBL PSL, and the wider cricket community,” adding that he had no intention of joining any other tournament at the time he withdrew.
Here’s a detailed overview about the Lahore Qalandars all seasons squad and players list:
About Lahore Qalandars Team
The Lahore Qalandars are an iconic brand in the PSL, representing the ancient city of Lahore with Gaddafi Stadium as the home ground. Despite a rough start in the league’s early years, the Qalandars turned things around to establish themselves as one of the most successful franchises in PSL history, developing one of the biggest comebacks in modern T20 cricket. They enter PSL 12 looking to bounce back from a fifth-place finish in 2026 and return to the playoffs.
Lahore Qalandars are owned by Qatar Lubricants Company Limited (QALCO) and have developed a unique brand that focuses on youth development, an aggressive style of play, and strong relationships with their fans.
LQ won their first PSL title by beating Multan Sultans in the 2022 Final. In 2023, they successfully defended their championship and became one of the few franchises to win consecutive PSL Championships. By winning the PSL 2025 final against Quetta Gladiators, Lahore Qalandars became the first team to clinch three titles. They now chase a fourth title in PSL 12.
Strong Debut in PSL
Lahore Qalandars debuted in the PSL’s first season in 2016, while the franchise was formed in December 2015. The owners bought the franchise for US$25.1 million over 10 years, making them the second-most expensive team at launch.
Early years brought challenges. They finished last in 2016, 2017, 2018, and 2019. But they bounced back. In 2020, they reached the playoffs and became runners-up. Their hard work paid off with PSL wins in 2022, 2023, and 2025. Today, they have a 42.55% win-rate across 94 matches.
Current Owners
The Rana brothers own the Lahore Qalandars. Atif Rana serves as owner and CEO. His brother, Sameen Rana, also plays a key role. They run the team through Qatar Lubricants Company (QALCO). Fawad Rana founded this vision.
The Rana brothers invested heavily to build a strong brand. The owners focus on player development. They launched the Player Development Program (PDP) in 2016. The “Jazz Rising Stars” initiative hunts for talent across Pakistan and produced stars like Shaheen Afridi.
Previous Owners
Since its debut, Kausar Rana Resources Private Limited owned the team, having secured it for US$25.1 million in 2015. The company is tied to the Rana family. No major ownership changes have occurred since then. In November 2025, they renewed rights for 2026–2035.
The Rana Family pays Rs. 670 million annually, which is the highest in PSL history. Ernst & Young evaluated the recent deal, which shows the team’s growing value.
Management Team
Atif Rana leads as CEO while Arslan Ahmed manages daily operations. Russell Domingo heads coaching. Amjad Ali handles batting, while Kashif Raza focuses on bowling coaching. Shehzad Butt is the fielding coach. Timroy Allen teaches power-hitting and Hiten Maisuria serves as physiotherapist.
Waseef Khalid Khan analyzes data and manages performance while Farooq Anwar assists as team manager, with Rehan Ashraf Chohan as masseur. This skilled group builds winning strategies as they emphasize fitness, skills, and teamwork.
Net Worth
Lahore Qalandars boast a franchise value of about PKR 870–980 million (around US$3.1–3.5 million). In 2025, their annual fee rose to Rs. 670 million – a 55% increase. PSL franchises also earn from the central pool.
