Instead of operating as an association of independently owned teams, the league is a single entity in which each franchise is owned and controlled by investors. The PSL season runs between the months of February and March, with each team playing matches in double round robin format; the top four teams with the best record qualify for the playoffs and culminates in the championship game, the PSL Cup Final. The league is based in the Pakistan Cricket Board office in Lahore. Former Pakistani national team captains Wasim Akram and Rameez Raja signed up to promote the PSL and become brand ambassadors of the league for three years. After several years of planning and two previous failed attempts,   the league officially began on 4 February in the United Arab Emirates where Bakhtawar Bhutto-Zardari, alongside Sheikh Nahyan bin Mubarak Al Nahyan , inaugurated the opening ceremony. The league uses a draft system for player recruitment similar to that used in many North American professional sports leagues and as opposed to the auction system used in some other T20 leagues. The possibility of adding a sixth team to the league in ,  possibly in Azad Kashmir , was also under discussion, but was rejected by May The PSL is played in a double round-robin format. Every team plays each other twice and the top four advance to the Playoffs.
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The tournament took place from 14 February to 17 March In the championship game, Quetta Gladiators defeated Peshawar Zalmi by 8 wickets in Karachi to win the title for the first time. Shane Watson , also of Quetta, was awarded the Player of the Tournament award and the leading run scorer award with a total of runs in the tournament. Hasan Ali of Peshawar was awarded the leading wicket taker award with a total of 25 wickets. The broadcasting rights of the 4th season of PSL were given to various Sports channels for covering the event in different countries.
If the pandemic settles down in a few months' time, the knockouts could take place in November. The board's CEO, however, warned of a 'real challenge' if the situation persists beyond that timeframe. Hafeez had questioned Sharjeel Khan's return to cricket despite his being implicated in the PSL corruption scandal. Although he is a freelance cricketer now, there is a sense that Rossouw cares about every franchise he plays for. Hales hopes to 'get absolute confirmation of my current health status' after developing fever, dry cough upon return home from PSL.
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