New Zealand Cricket (NZC) has decided to compensate the Pakistan Cricket Board (PCB) for the loss incurred by the latter following the postponement of the tour by the former last year.
Last September, the Black Caps toured Pakistan for the first time in 18 years to feature in a three-match ODI and a five-match T20I series.
However, the visitors called off the tour on the morning of the first ODI in Rawalpindi due to a security threat.
The Kiwi contingent immediately returned home, which caused a lot of anger among the PCB big wigs, former Pakistani cricketers and the fans, in general.
Later, the NZC apologized to their Pakistani counterparts for the last-minute cancellation.
However, PCB chairman Ramiz Raja made it clear that the board would be seeking compensation even if it had to approach the doors of the International Cricket Council (ICC).
But, over the past few months, the relations between NZC and PCB have improved significantly, with the former confirming that they will fulfil their international commitment and compensate for the losses incurred by the Pakistani board last year.
While the exact cost is still not revealed, it is estimated that the PCB lost millions of dollars in security, hotel bookings, broadcasting etc.
New Zealand is slated to return to the Asian country to feature in three ICC World Test Championship (WTC) games at the end of the year and for a series of white-ball internationals next May.
Before this, the Pakistan men's team will travel to the southern hemisphere nation to feature in a T20I tri-series involving the hosts and Bangladesh ahead of the T20 World Cup in Australia.
The proposal for the same was recently sent by NZC to PCB. The Bangladesh Cricket Board (BCB) and the PCB have agreed to participate in the tri-nation tournament.