LAHORE - The Pakistan Cricket Board will get about $US18 million in return for withdrawing its case against the ICC and surrendering the hosting of the World Cup matches. Addressing a press conference here Friday, PCB chairman Ijaz Butt informed he has settled the legal dispute with the International Cricket Council that removed Pakistan from hosting the 2011 World Cup matches. He informed that the ICC has also promised special compensation to the PCB apart from the Rs one billion hosting fee and that would certainly raise the money to Rs 1.5 billion. Butt and ICC chairman David Morgan Thursday signed an agreement settling the issue according to which PCB will be compensated for not holding the World Cup matches here and the ICC has also agreed to bring cricket back to Pakistan when the situation is deemed fit for holding international games here. Butt returned from Dubai after signing the agreement with Morgan that allows the PCB host fees of $US10.5 million plus the additional compensation for the loss of hosting rights. It is 100 percent victory of PCB and we are happy to have this settlement", he said. Butt said that the ICC will also be getting assurances from the Indian government for the visa for the Pakistan fans intending to see the Pakistan matches of the World Cup and proper security for the fans and the team. He said the PCB is keeping Government updated on this issue and they are taking steps in the light of guidance being given from the concerned quarters. The whole scenario of world cricket changed last March when Sri Lanka team was attacked and in April and the ICC was forced to relocate Pakistan's share of 14 matches because of security fears. The PCB served a legal notice to ICC for shifting the matches and the World Cup headquarters from Pakistan. The organising committee of the World Cup awarded eight matches to Pakistan's closest rival India, four to Sri Lanka and two to Bangladesh. The move not only ignited criticism against the ICC but also brought the PCB under fire for its failure in handling the case properly. But Ijaz Butt believes the solution he had with the ICC chairman was the best possible in the prevailing situations and it would earn the cash-striped PCB at least Rs1.5 billion. "We feel that this was the best possible solution and we will get additional amount and would not be forced to beg around for money to keep our cricket on track," said Butt, whose organisation is strapped for cash with no international cricket at home. In return the PCB will withdraw all its legal cases against the ICC and all its 14 World Cup matches will now be distributed among India, Sri Lanka and Bangladesh - the three co-hosts of the World Cup. "Within the next 15 days the PCB will withdraw all its legal cases against the ICC," Butt added. Butt said a clause had been added to Thursday's agreement, saying international cricket will return to Pakistan when the ICC and other teams are satisfied the security situation had sufficiently improved. However, reports suggested that the signing of the agreement was delayed when the PCB insisted on ICC to keep Pakistan as host of some of the 2010 World Cup match provided the situation in the beleaguered country remained calm. According to reports, it wanted the inclusion of a special clause in the final settlement document with the ICC that gives it some hope of hosting some of the 2011 World Cup matches at home. Reports coming from the PCB, said that Ijaz Butt had pushed ICC President David Morgan for the inclusion of the special clause. "Pakistan wants a clause inserted in the settlement document that if the security situation improves in Pakistan, some of the World Cup matches be played in Pakistan subject to teams' acceptance," reports said. Morgan was not keen to have the clause as he feels in the final settlement agreement Pakistan is being adequately compensated for the loss of its share of World Cup matches. The governing body of the PCB directed Butt to have the clause inserted in the final settlement with the ICC as the security situation was improving in Pakistan and could be much better by next year. The council also asked Butt to convince the ICC to send its security delegation to Pakistan early next year for a final review of the security conditions.The compensation amount covers the revenues Pakistan expected to generate from sale of tickets and hospitality boxes if it had held the matches at home.