Pakistani media reported Friday that Ijaz Butt, chairman of the Pakistan Cricket Board, received authorization from the PCB governing board on Thursday to reach a cash settlement with the ICC.
The amount of the final settlement was not disclosed, reported The News newspaper. Pakistan had already secured a US$10.5 million payment for the 14 games it was initially scheduled to hold before the country was removed as co-host on security grounds.
The ICC's move to remove Pakistan - leaving India, Sri Lanka and Bangladesh as co-hosts - came after last year's terrorist attack on Sri Lanka's test team and security detail in which six policemen and a van driver were killed.
Pakistan had considered lobbying to have its game moved to another venue, such as the United Arab Emirates, but that was ruled out by the ICC.
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