The PCB said in a statement from Lahore that it had made extraordinarily gains at the International Cricket Council's (ICC) annual meeting in Melbourne, which included the agreement with India.
"Of the three major concessions that PCB Chairman Najam Sethi was able to secure to Pakistan's great advantage are: After N Srinivasan's election as the first ICC Chairman in a landslide, India has officially turned the MOUs signed earlier this year with regard to six rubbers between the two nations into binding agreements straightaway," the statement said.
The PCB said another major achievement was the ICC agreeing to grant Pakistan the fourth rank after the 'Big Three' - India, England and Australia - in terms of the percentage of revenue to be received from the ICC in the next eight years from broadcasting and other rights on ICC fixtures.
"The third big recognition is, the ICC confirming Pakistan to get the position of the global body's President for one year with effect from June 2015," it added.
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