The decision follows the failure of the Cricket World International (CWI) of Hong Kong who regularly organise sixes tournament, to honour their commitment to pay the PCB US$14,000 for allowing Pakistani players to play in a 1997 contest.
When PCB chairman Khalid Mahmood was contacted, he admitted that the PCB have not received the guaranteed money of US$ 14,000 from the Hong Kong tournament organisers.
He stated since the PCB had mentioned the amount as receivable in its accounts, there was no other way but to write it off. ``In order to keep the records straight, it has to be wiped off the books,'' Mahmood said.
The writing-off of the amount is one of the items on the agenda of July 5 PCB Council meeting to be held at Lahore.
Mahmood said PCB made desperate attempts for the recovery of the money but in vain. ``Sometimes we were informed of bankruptcy while at others we were told that the organising committee has split into two following in house dispute.''
The PCB chairman, discussing the other items of agenda, said the PCB were negotiating with Javed Miandad and Mohsin Khan for the job of coach. He said Majid Khan, the chief executive, was handling the case and would be briefing the council on the issue.
``Majid is discussing the terms and conditions with both of them. However, it will be upto the council to decide who would be more suitable for the senior team's job,'' he added.
Mahmood hinted that if Miandad gets the nod of the council, Mohsin might then get the junior team's coaching assignment.
``Personally, I believe that the best man should be associated with the junior team like Australia have attached Allan Border with their Under-19 string. Youngsters at that stage need more guidance and coaching than the senior team in which more emphasis is on chalking out game plans and match strategies.''
On the appointment of a selection committee, Khalid Mahmood said a few names were under consideration. The names, he continued, would be put before the council which will discuss the merits of the individual. Informed sources said Javed Burki, Dr Zafar Altaf, Intikhab Alam and Zaheer Abbas were in line for the job.
Following is the agenda of the meeting: