Lahore, Sep 1 (ANI): Pakistan Cricket Board (PCB) chairman Ijaz Butt was off the mark when he claimed last week that Pakistan would receive around Rs 1.5 billion (18 million dollars) from the International Cricket Council (ICC) after settling its 2011 World Cup dispute with the game's governing body.

"The PCB stands to gain about Rs.1 billion (12 million dollars) from its deal with the ICC that was struck in Dubai last week," sources said.

The settlement between the ICC and the PCB was reached following a meeting between ICC president David Morgan and Ijaz in Dubai last Wednesday.

Sources said Ijaz quoted that figure under pressure from the newsmen, who were surprised when Ijaz initially said that Pakistan would get Rs 1 billion from the deal.

"Rs 1 billion is only slightly higher than the amount of 10.5 million dollars which Pakistan would have got in any case as hosting fees for 14 of its World Cup matches,"the Daily Times quoted sources, as saying.

Before making the deal with the ICC, Ijaz had claimed that Pakistan would get a substantial compensation for settling its court case with the ICC over the staging of the World Cup.

The PCB had issued a legal notice to the ICC early this summer after the game's governing body moved Pakistan's share of matches out of the country because of security concerns. (ANI)