Karachi, Apr. 18 : With the International Cricket Council (ICC) deciding to shift the 2011 cricket World Cup matches from Pakistan, the Pakistan Cricket Board (PCB) is set to suffer a whopping 10.5 million dollar loss.

"We lose out on earning the hosting fees of the matches. The ICC pay out the host country 750,000 dollars for each match," PCB's Chief Operating Officer Saleem Altaf said.

Altaf said the loss could be much more than what has been estimated.

He added that the board has already suffered huge financial set backs due to the cancellation of Australian and Indian tour.

The eight nation Champions Trophy was also shifted from the country by the ICC in the wake of precarious conditions.

Officials of the PCB marketing department estimated that the overall loss could be around 40 million dollars, The News reported. (ANI)