The player draft for the 2024 Pakistan Super League was held on 13 December 2023 at the National Cricket Academy, Lahore.^[1][2] Before the draft, teams were allowed to retain a maximum of eight players and make transfers.^[3][4]

The Pakistan Cricket Board announced that Quetta Gladiators will have the first pick in the draft.^[5] A total of 485 foreign players registered for the tournament.^[6]

Each team had the right to exercise one wildcard pick. Each team had a right-to-match card which allowed franchises to buy back a maximum of one player they have released by paying a set fee in each category.^[4]

Hasan Ali and Islamabad's first round silver pick were traded from Islamabad United to Karachi Kings in return for Imad Wasim and Karachi's second round silver pick.^[7][8] Iftikhar Ahmed and Quetta's first round platinum pick were traded from Quetta Gladiators to Multan Sultans in exchange for Rilee Rossouw and Multan's first round silver pick.^[9][10] Naseem Shah and Quetta's third round platinum pick were traded from Quetta Gladiators to Islamabad United in exchange for Mohammad Wasim, Abrar Ahmed and Islamabad's first round platinum pick.^[11][12] Shan Masood and Multan's fourth round silver pick were traded from Multan Sultans to Karachi Kings in exchange for Faisal Akram and Karachi's first round silver pick.^[13] Karachi and Multan also swapped their first round diamond picks.^[14]

On 7 December 2023, the retained player's list was announced.^[4] The franchises were allowed to retain a maximum of eight players from the previous season. All the franchises fully utilized their quota of player retentions apart from Multan Sultans.^[4]

The draft took place at the National Cricket Academy on 13 December 2023.^[15]

A supplementary and replacement player draft took place through a conference call on 29 January 2024, in which franchises were allowed to select two additional supplementary players and replacement players for any partially or fully unavailable players.^[16][17][18] Quetta reserved their pick in the fourth supplementary round.^[19] A second replacement draft was held on 16 February 2024.^[20][21]