AGL 40.21 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.64 Decreased By ▼ -0.06 (-0.05%)
BOP 6.67 Increased By ▲ 0.06 (0.91%)
CNERGY 4.45 Decreased By ▼ -0.15 (-3.26%)
DCL 8.73 Decreased By ▼ -0.06 (-0.68%)
DFML 41.16 Decreased By ▼ -0.42 (-1.01%)
DGKC 86.11 Increased By ▲ 0.32 (0.37%)
FCCL 32.56 Increased By ▲ 0.07 (0.22%)
FFBL 64.38 Increased By ▲ 0.35 (0.55%)
FFL 11.61 Increased By ▲ 1.06 (10.05%)
HUBC 112.46 Increased By ▲ 1.69 (1.53%)
HUMNL 14.81 Decreased By ▼ -0.26 (-1.73%)
KEL 5.04 Increased By ▲ 0.16 (3.28%)
KOSM 7.36 Decreased By ▼ -0.09 (-1.21%)
MLCF 40.33 Decreased By ▼ -0.19 (-0.47%)
NBP 61.08 Increased By ▲ 0.03 (0.05%)
OGDC 194.18 Decreased By ▼ -0.69 (-0.35%)
PAEL 26.91 Decreased By ▼ -0.60 (-2.18%)
PIBTL 7.28 Decreased By ▼ -0.53 (-6.79%)
PPL 152.68 Increased By ▲ 0.15 (0.1%)
PRL 26.22 Decreased By ▼ -0.36 (-1.35%)
PTC 16.14 Decreased By ▼ -0.12 (-0.74%)
SEARL 85.70 Increased By ▲ 1.56 (1.85%)
TELE 7.67 Decreased By ▼ -0.29 (-3.64%)
TOMCL 36.47 Decreased By ▼ -0.13 (-0.36%)
TPLP 8.79 Increased By ▲ 0.13 (1.5%)
TREET 16.84 Decreased By ▼ -0.82 (-4.64%)
TRG 62.74 Increased By ▲ 4.12 (7.03%)
UNITY 28.20 Increased By ▲ 1.34 (4.99%)
WTL 1.34 Decreased By ▼ -0.04 (-2.9%)
BR100 10,086 Increased By 85.5 (0.85%)
BR30 31,170 Increased By 168.1 (0.54%)
KSE100 94,764 Increased By 571.8 (0.61%)
KSE30 29,410 Increased By 209 (0.72%)

Pakistan has decided to end its legal battle against cricket's governing body over being stripped of its share of World Cup 2011 matches, an official said Thursday. The decision came after a meeting of the governing board of the Pakistan Cricket Board (PCB) decided to opt for an out-of-court settlement with the International Cricket Council (ICC).
"We have decided 90-95 percent that the matter of the World Cup 2011 will be settled out-of-court as Pakistan remains the co-host of the mega event. The legal course has ended," PCB chairman Ijaz Butt told a press conference. Pakistan officials will still work behind-the-scenes at the World Cup. Pakistan initiated a legal case against the ICC after being stripped of its World Cup 2011 matches in April.
The ICC relocated Pakistan's share of 14 matches because of security fears after attacks in its eastern city of Lahore on the Sri Lankan team on March 3. The attacks, which injured seven players and their assistant coach and killed eight people, appeared to end any chance of hosting international cricket in Pakistan, where teams had already refused to tour over insecurity.
But the PCB launched a legal fight against the re-location and won a stay order against moving the World Cup secretariat from Lahore to arch rival India's Mumbai. The PCB agreed to put on hold its legal battle following requests from the ICC and the Central Organisation Committee as they wanted to negotiate the matter in London in June. But the talks failed, forcing the PCB to threaten to revive the legal battle.
However, the PCB again tried to settle the matter out of the court. A meeting between ICC President David Morgan and Butt in Dubai last month, raised hopes of a quick solution. Butt said Pakistan will be compensated a "substantial amount" after it settles the matter out of the court. "Pakistan will get the hosting rights fee of 10.5 million dollars (840 million rupees) and apart from that the ICC will compensate us a substantial amount which at this point of time I don't want to reveal," said Butt.
The ICC had also ruled out relocating the matches to a neutral venue such as the United Arab Emirates, where Pakistan played their recent international matches. The Central Organising Committee of the World Cup 2011 last month awarded eight of Pakistan's matches to India, four to Sri Lanka and two to Bangladesh. Butt said that hosting World Cup matches on neutral venues could have meant Pakistan taking a financial hit.
"We did think over hosting the matches on neutral venues but it could have cost us huge losses," he said. Besides World Cup matches, the Champions trophy 2008 was also moved out to South Africa after several teams refused to tour Pakistan over security fears. The trophy will be held from September 21 to October 5 this year.

Copyright Agence France-Presse, 2009

Comments

Comments are closed.