The PCB's proposed quadrangular T20I tournament link could, according to the board's projections, bring in as much as USD 650 million in revenue for the four participants as well as the ICC.
The proposal, which sees Pakistan, India, England and Australia playing a single-league T20 tournament annually, will be presented formally at the ICC Board meeting next week in Dubai.
The PCB has identified a window for the event in September-October which, officials say, is an ideal period because it is the start of the season in Australia, India and Pakistan and near the end of the English season.
As it stands, the plan is for a single-league structure of six league games, concluded by either a one-off or best-of-three finals, played across two weekends. Hosting rights for the tournament are envisaged to run on a rotational basis and control over the event will be the ICC's.