KARACHI (92 News) – The Pakistan Super League (PSL) 2020 trophy is set to be unveiled today (Wednesday) at Karachi’s National Stadium. According to the reports, the unveiling ceremony will take place at 3:30pm. The PSL 2020 is set to begin on February 20 at Karachi's National Stadium. The PSL has a history of getting its crystal-laden trophies made by Swarovski in Dubai. The opening match of PSL 2020 will see defending champions Quetta Gladiators take on Islamabad United. Squash legend Jahangir Khan to present PSL trophy The first-ever trophy unveiling ceremony on the Pakistan soil, squash icon Jahangir Khan will bring the HBL PSL 2020 trophy. In an international-styled ceremony, Jahangir will carry the silverware to the field of play and hand it over to captain Sarfraz Ahmed of defending champions Quetta Gladiators after which the brand new trophy will be unveiled by PCB chairman Ehsan Mani in the presence of six franchise owners and captains. Prize money of US$1 million PSL fifth edition will carry total prize money of US$1 million as winner of PSL will take $500,000 cash prize while the runners up will receive a cheque of $200,000. According to a press release shared, the league that the tournament will carry total prize money of US$1 million, with $4,500 set aside for each player of the match award given at the end of each match. According to the statement, $80,000 will also be equally distributed to player of the tournament, best batsman, best bowler and for the spirit of cricket award. “The remaining amount will be distributed for other match-related awards like best catch, best run-out and most sixes,” said the press release. PSL set to kick off from February 20 The fifth edition of PSL is set to kick off from February 20 in Karachi. The 34-match tournament will be the biggest cricket tournament to take place in Pakistan after the Asia Cup in 2008. The six-team tournament will be held across four venues with Karachi staging nine matches, Lahore 14 matches, Rawalpindi eight and Multan three matches. In the opening match defending champions, Quetta Gladiators will take on two-time former winners Islamabad United at the National Stadium in Karachi. Start who will perform at opening ceremony The opening ceremony of the PSL-5 will be held at the NSK on February 20. Stars like Abrarul Haq, Aima Baig, Rahat Fateh Ali Khan, Sajjad Ali, Sanam Marvi and rock band Soch will perform at the opening ceremony, according to a press release issued by the Pakistan Cricket Board (PCB). Ali Azmat, Arif Lohar, Haroon and Asim Azhar will perform PSL 2020’s official anthem Tayyar Hain. DG Rangers Sindh reviews arrangements for PSL security On the other hand, Sindh Director General (DG) Rangers Major General Omer Ahmed Bukhari visited National Stadium Karachi (NSK) to inspects security arrangements for PSL season 5. DG Rangers got briefing from the security officials about the arrangements made to ensure foolproof security for the mega event. He also met with the officers and jawans of Sindh Rangers.