Pakistan Cricket Board (PCB), a member country on International Cricket Council (ICC)’s panel has received half of its profit share from the governing body’s annual revenue. The ICC has submitted $6.5 million in the PCB’s account as part of the first installment of a total $11.5 million.
As per sources of PCB, ICC was scheduled to pay Pakistan’s board in January. However on the back of approval delay for the audit of year 2017-2018 the payment’s first installment has arrived now in July.
PCB has stated that after approval from all its board governors in Lahore, the council has sent its report to ICC and now waits for the second installment to be released soon.
As per ICC law’s the cricket governing body shares its profit with each of the member countries. Alongside Pakistan; Afghanistan, Australia, India, England, New Zealand, Sri Lanka, Ireland, South Africa, West Indies and Bangladesh are members of ICC. Zimbabwe’s membership has been suspended by the board as of right now.