The PCB and its chairman, Najam Sethi have come under fire from various quarters, including former captain Javed Miandad, who have raised doubts over the authenticity of the MOU the PCB claims to have signed with the BCCI for six bilateral series.
"The MOU has been signed and the secretary of the Indian board, Sanjay Patel signed the document on behalf of the BCCI. But they will release details of the MOU after the ICC annual body meeting in June," a senior official of the board told PTI.
The PCB is expecting to generate millions of dollars from these series.
The PCB official explained that the MOU with India had been signed on condition that the PCB would not oppose the resolutions that have to be passed at the annual ICC meeting in June which would give legal cover to the recent governance and financial model changes recommended by the Big three, India, Australia and England.
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The official said once the resolutions are passed than agreements would also be signed with other boards for bilateral series in the calender from 2015 to 2022.
He also dispelled the impression that since there was a court case prevailing in India over the BCCI President's post it would affect the MOU with Pakistan.
"The MOU has been signed between the two boards and we are very hopeful that the first series will be hosted by us sometime in November-December next year," he added.