"We are having our final meeting with our law firm in London next week and we have decided to file the claim with the ICC disputes resolution committee in first week of January," PCB Chairman Najam Sethi told a media conference in Lahore.
He said the Board of Governors had been briefed about the existing ties with India and they have approved filing of the compensation claim.
"We are claiming compensation from the BCCI for not honouring a MoU to play 24 matches with us. They obviously have said they are not bound to pay us anything as they can't play with us without government clearance," Sethi said.
Sethi said once the compensation claim is filed it will have some effect on the ICC's Future Tour Programme.
The PCB chief also announced that Pakistan have no issues playing with India in the ICC Test Championship.
"We have read media reports that the BCCI has sought clearance from its government to play Tests with us in the ICC Championship. I think they should get this clearance because when they can play with us in the ICC events then they can also play us in the Test Championship under the ICC umbrella."
"We have no problems playing with them in the Test Championship," he added.
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