PCB sources said the board was under pressure to explain the insurance policy cover it took for the March-April Australian tour to Pakistan which was postponed by the Australians on the advice of independent security consultants and its high commission in Islamabad.

The PCB had announced a few months ago that it had insured the series for USD 7.4 million and if the Australians didn't come for security or other reasons they would not suffer financial losses because of the comprehensive cover.

"But now it appears there is a lacuna in the insurance policy as it does not cover a postponed tour. And the PCB will have to cough up a hefty additional premium payment if the policy is to be extended for the Australian tour," one source said.

However, a top PCB official said the insurance was not just for the Australian tour but for all series in Pakistan which are part of the FTP.

"We are negotiating with the insurance company over the additional premium because the Australian tour has been postponed not cancelled," one board official said.

Ironically the PCB cannot claim compensation from Cricket Australia for the tour as it has not been cancelled but postponed.