The Pakistan Cricket Board (PCB) are facing a financial crisis with losses for the year likely to exceed $35 million.

New Zealand's decision to call off their proposed tour is likely to cost the PCB about $10million in lost sponsorship, television rights and advertising, but the bulk of the loss stems from the cancellation of matches against India.

The abandonment of a proposed series containing three Tests and three one-day internationals earlier in the year cost the Pakistan Board in the region of $15million, and they lost a similar amount as a result of India's last-minute withdrawal from the Asian Test Championship.

The PCB have had almost no income since the end of the England tour last December, and questions are now being asked about how long they can continue their seemingly unchecked expenditure. The Board employ over two dozen staff in Lahore as well as a number of highly paid overseas specialists around the country. Their problems are compounded by the fact that there is no official sponsor of Pakistani cricket.

Speaking to Dawn, Pakistan's national newspaper, the PCB director Brigadier Munawar Rana admitted that the losses were worrying. "We have lost more than expectations," he said. "But I would hate to give a figure or even hint an estimated loss."

© Wisden CricInfo Ltd