A top official of the PCB told PTI that the Board's legal advisor Salman Naseer had visited London recently in connection with the preparation of the legal battle.
"He went there to complete the preparations for filing claim for compensation. We have already told the BCCI officials at the ICC meeting that we intend to sue them for compensation," he said.
The official said the compensation claim would be for the revenues Pakistan would have generated by hosting India in two series under the MoU signed between the two Boards in 2014.
He said that Pakistan had not opposed the Big Three system of governance and distribution of revenues among member countries from ICC events in 2014 because of the MoU signed with India.
"We feel that we are justified and legally in a strong position to now claim compensation from the Indian board for all the losses we have suffered because of their refusal to play us," the official said.
"But that has not been the case and we lost estimated revenues close to USD 200 million," the official said.
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