Karachi, Feb. 5: The Pakistan Cricket Board (PCB) which has been facing a huge financial crunch due to lack of international events on its soil, is looking to make huge money from the proposed Australia-Pakistan series.

According to The News, the PCB is hoping to make the Pakistan-Australia series a money churner event, and is expected to generate a whopping Rs 400 million from television rights alone.

Sources privy to the PCB have revealed that the Board will be adding a huge amount to its depleting bank accounts.

The PCB is banking on the fact that there has been virtually no cricket between both the sides for a long time now, and people in Pakistan would be eager to watch the encounter between the World Champions and the home team.

"Even after expenses on the series which should be under Rs 100 million, the PCB will stand to make healthy profits from the series," the paper quoted a PCB source, as saying.

Reports suggested that the PCB will be paid 1.5 million dollars for each event, as well as a 100,000 dollars appearance fee to each player for every tournament played Dubai.

Pakistan would be hosting Australia in a series of five one-day internationals and a Twenty20 game probably in Dubai in April 2009, after the Kangaroos refused to tour Pakistan due to security reasons.

The dates and venue for the series are likely to be announced on February 6. (ANI)