NEW DELHI: The Pakistan Cricket Board (PCB) is setting up a reserve fund of around PKR1 billion (Rs610 million) to take care of the legal costs of filing a compensation claim against the Indian board before the ICC disputes resolution committee.
PCB chairman, Shaharyar Khan said in an interview on Saturday that the board of governor's meeting on Friday had given approval for the budget to cover the legal costs.
"We have hired a British law firm to represent us in the case and file the compensation claim with the disputes resolution committee," Khan said.
He said the PCB had no option but to seek compensation from the BCCI for not playing any bilateral series with Pakistan despite a MoU signed between the two boards in 2014.
Khan said the claim would be filed with the ICC committee shortly after the BCCI had failed to respond to the notice of intent seeking $69 million in compensation sent to them by the PCB and three rounds of talks with their officials also failed to break the deadlock.
Under the MoU, the two countries were supposed to play six bilateral series between 2015 and 2022.