LAHORE  - The  PCB is likely to announce a deficit budget for the year 2012-2013 after it is approved at its governing board 23rd meeting will be in Garhi Khuda Bux in Naudero on Monday (today) .
A senior official of the PCB said that the next fiscal year's budget will be in red because revenue sources for the board had dried up this year. "In the fiscal year 2010-2011 we had an even budget because of the income we received from the ICC for the 2011 World Cup and before that the 2010 T20 World Cup and that boosted our coffers," the TOI quoted official as saying.
He said this year however the PCB received no additional income from the ICC and expenses had increased after a hike in the match fees and annual retainerships of contracted players. "Expenses have also increased due to the frequent home series we have had to organise at neutral venues," he said.
Sources said last year the board received around USD 15 to 17 million as part of its hosting rights fees and compensation from the World Cup. "It has been a difficult time for the board since foreign teams stopped touring Pakistan after the 2009 incident in Lahore".
Sources said the board is also pinning its hopes on the resumption of bilateral ties with India by the end of the year to boost its revenues.